"c VAR 0150 09083 RAT SIN 2R 946-961 MD= 1E-37 " "c REF 0150 LOC 1311 WIDTH 9 DK 21 COL 53-61 " "c EXP DEC= 2 " "c " "c RATIO OF LIABILITIES OF BUSINESS FAILURES TO CURRENT " "c LIABILITIES OF ALL NONFINANCIAL CORPORATIONS " "c ---------------------------------------------------- " "c " "c NBER SERIES: 09083 " "c AREA COVERED: U.S. " "c UNITS: PERCENTAGE " "c ANNUAL COVERAGE: NONE " "c QUARTERLY COVERAGE: FIRST, 1946-FOURTH, 1961 " "c MONTHLY COVERAGE: NONE " "c SEASONAL ADJUSTMENT: NONE " "c SOURCE: EDGAR FIEDLER, MEASURES OF CREDIT RISK AND " "c EXPERIENCE; DATA OF FAILURE STATISTICS ARE FROM DUN AND " "c BRADSTREET, INC., MONTHLY FAILURES, STATISTICAL RELEASE K; " "c CURRENT LIABILITIES ARE FROM THE U.S. SECURITIES AND " "c EXCHANGE COMMISSION, WORKING CAPITAL OF U.S. CORPORATIONS. " "c " "c NOTES: SERIES 09083 IS PRESENTED HERE AS TWO " "c VARIABLES--(1)--ORIGINAL DATA, 1946-1961 (2)--ORIGINAL " "c DATA, 1961-1969. " "c BUSINESS FAILURES INCLUDE THOSE BUSINESSES THAT CEASED " "c OPERATION FOLLOWING ASSIGNMENT OR BANKRUPTCY: CEASED " "c OPERATION WITH LOSS TO CREDITORS AFTER SUCH ACTIONS AS " "c EXECUTION, FORECLOSURE, OR ATTACHMENT; VOLUNTARILY WITHDREW " "c LEAVING UNPAID OBLIGATIONS; WERE INVOLVED IN COURT ACTIONS " "c SUCH AS RECEIVERSHIP, REORGANIZATION, OR ARRANGEMENT; OR " "c VOLUNTARILY COMPROMISED WITH CREDITORS OUT OF COURT. " "c SECURITIES AND EXCHANGE COMMISSION DATA (DENOMINATOR) " "c ARE LIMITED TO NONFINANCIAL CORPORATIONS SUCH AS " "c UNINCORPORATED BUSINESSES, WHICH THE DUN AND BRADSTREET " "c DATA (NUMERATOR) INCLUDE. THERE IS A BREAK IN THE " "c DENOMINATOR AT THE END OF 1961, WHEN A NEW METHOD OF " "c ESTIMATING CURRENT LIABILITIES WAS INTRODUCED. TO PROVIDE A " "c CONTINUOUS SEASONALLY ADJUSTED SERIES, THE EARLIER SEGMENT " "c OF THE RATIO WAS ADJUSTED BY NBER TO A LEVEL CONSISTENT THE " "c SECOND SEGMENT, BASED ON OVERLAPPING YEAR-END 1961 DATA. " "c " "c CHECKED MANUALLY; NO CORRECTIONS NECESSARY. " "c " "c ............................................................... " -4 1946.1 1961.4 0.110000 0.100000 0.110000 0.280000 0.360000 0.420000 0.350000 0.450000 0.380000 0.280000 0.360000 0.520000 0.570000 0.580000 0.500000 0.450000 0.530000 0.410000 0.320000 0.300000 0.270000 0.300000 0.340000 0.290000 0.320000 0.320000 0.250000 0.320000 0.350000 0.400000 0.420000 0.480000 0.580000 0.540000 0.430000 0.420000 0.480000 0.420000 0.360000 0.400000 0.460000 0.490000 0.460000 0.430000 0.540000 0.500000 0.400000 0.440000 0.640000 0.640000 0.500000 0.470000 0.570000 0.480000 0.430000 0.430000 0.480000 0.690000 0.600000 0.610000 0.750000 0.630000 0.700000 0.600000