Photo Lara Abdel Fattah

Lara Abdel Fattah

Post-doctorant(e)
  • Email
  • Bureau à Paris Nanterre (Bât. + num.) G208B
  • Research group

      Développement Durable, Environnement et Energie

  • Theme(s)
    • Les faillites d'entreprises (notamment les groupes d'entreprises)
    • Le droit des entreprises en difficulté
    • Les contentieux juridiques liés à des faillites de groupes

2019-10 "Firm soundness and knowledge externalities: a comparative regional analysis"

Lara Abdel Fattah, Giuseppe Arcuri, Aziza Garsaa, Nadine Levratto

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Abstract
This paper investigates the role of regional context with regard to human capital and knowledge spillover effects in SMEs’ financial soundness. Our empirical setting is based on the multilevel analysis for panel data, which better allows for the treatment of hierarchical data. It is applied to firms belonging to the industrial sector and operating in four European countries over the 2010–2015 period. We find that a combination of individual- and regional-level characteristics explain firm soundness more accurately than individual features alone. Furthermore, we find that a higher local educational level and knowledge spillover improve the firm soundness.
Classification-JEL
I25, L26, R11, C33
Mot(s) clé(s)
Entreprise et territoire, capital humain, robustesse financière de l'entreprise, modèle multiniveau
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2016-22 "Post-reorganization survival: a semi-parametric and non-parametric analysis of firm characteristics"

Lara Abdel Fattah, Sylvain Barthelemy, Nadine Levratto, Benjamin Trempont

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Abstract
This paper aims at bringing evidence on firm survival after bankruptcy. Instead of considering survival as a binary variable we take into account the duration of the reorganization procedure. We follow a sample of French firms throughout their restructuring process and document factors influencing the reorganization outcome. Based on the existing theoretical and empirical literature on the link between firm ownership structure and performance, we particularly focus on the influence of firm affiliation to a business group and business groups’ characteristics. Using a Cox proportional hazards model and a Random Forests model, we find that firm structural and financial characteristics have a strong power to explain survival at different time horizons, however, very few of firm financial characteristics used previously for bankruptcy prediction are useful for predicting the final outcome of reorganization once a reorganization plan is voted. In addition, we show that firm ownership structure proxied by firm affiliation to a business group and business group characteristics has no significant influence on the outcome and duration of reorganization.
Classification-JEL
G33, K20, C14
Mot(s) clé(s)
Reorganization; bankruptcy; survival; business groups; Cox model; Random Forests
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