Resumen de Company distress in the fashion/textile industry in Italy. Questing for discriminant variables
Oliviero Roggi, Alessandro Giannozzi
This paper addresses the relationship between company survival and industry-specific discriminant variables in the fashion/textile industry. Our analysis is based on Italian SMEs. The data set is made up of 393 fashion companies and a control group consisting of 1268 companies. After running the discriminant model on the two datasets, we found in the fashion model, a higher discriminant power for variables that were connected to return on sales when compared to the general model. In this way, �intangible assets� or other variables related to return on sales may provide an indirect explanation of the higher capacity of survival for fashion companies in the market.
