RT Journal Article T1 Voluntary Liquidations: An Empirical Study A1 F. Navas, Javier K1 Financial distress K1 Voluntary liquidation K1 Corporate divestiture K1 Sell-off AB A number of studies have analyzed the effect of voluntary corporate liquidations on shareholder wealth. Others have examined some specific aspects, such as procedural and tax differences, of voluntary liquidating firms. In this paper we perform a preliminary study of the characteristics of firms that voluntary liquidate using a logit model. The paper avoids some of the methodological flaws of commonly used binary state prediction models with different sample and population distributions. PB Academia Europea de Dirección y Economía de la Empresa (AEDEM), posteriormente Elsevier SN 1019-6838 YR 2007 FD 2007-03-01 LK https://hdl.handle.net/10433/21728 UL https://hdl.handle.net/10433/21728 LA en NO Revista Europea de Dirección y Economía de la Empresa, 16, 2, p. 53-60 (2007) NO Departamento de Economía Financiera y Contabilidad DS RIO RD May 22, 2026