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Frontiers in Finance and Economics is a UGC APPROVED International Journal of Research

Crisis Anticipation at a Micro-Level: Mexico 1995-1996

Karen Watkins
The following study is concerned with the anticipation of the 1995-1996 Mexican crisis.  It uses data from the balance sheets of 73 private, non-financial companies.  The results indicate that firms were not able to foresee the coming crisis. This conclusion is robust to using one year, three, two, and one quarters lags as the anticipation period. In addition, there is no significant difference in the outcome when considering the industry and size of firms.
Keywords: crisis anticipation, firm-level data, event study, JEL Classification: G3, G14
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Frontiers in Finance and Economics

FRONTIERS IN FINANCE AND ECONOMICS with ISSN no. 1814-2044 Multi-Disciplinary Journal of Economic, Finance and Business and Management Sciences. Frontiers of Finance and Economics, a bi-Annual UGC Approved Journal. Send papers for publication to editor@ffejournal.org

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