TITLE
"Business Bankruptcies (1920 - 1970): Insurance Research
Implications," Journal of Insurance Issues and Practices,
Cesta, John R. and John J. O'Connell, 1979, Vol. 3, No. 1: 87-102.
ABSTRACT
Risk and insurance management has been defined in a variety of
ways, however, paramount in most definitions is the need to provide
for the continuing financial stability of the organization. References
are made to the need to smooth fluctuations in income or to achieve
the least cost method of treating risk.
The purpose of this paper is to introduce the reader to the terminology
of bankruptcy as well as to present recent data pertaining to
trends and causes of business failures. The figures presented
herein are of a general nature and it is hoped that sufficient
interest will be generated to spur further research into this
important area of inquiry.
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