Jessica Hromas
Listed companies are up to 50 per cent more likely to fail than private companies because they are structured in a way that encourages them to take more risks, according to a Reserve Bank of Australia discussion paper.
Released on November 24 and titled “Why do companies fail”, the paper sought to identify reasons Australian companies fail beyond the usual suspects such as poor economic conditions, low profitability and high levels of gearing…
Read the full article at: http://www.afr.com/business/accounting/listed-companies-50-per-cent-more-likely-to-fail-20161128-gszaa1