RDP 2016-09: Why Do Companies Fail? Equation (1)

ln( ln( 1 h j ( t m |X ( t ) j ) ) )= m +βX ( t ) j + λ t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeiBaiaab6gadaqadaqaaiabgkHiTiaabYgacaqGUbWaaeWaaeaacaaIXaGaeyOeI0IaamiAamaaBaaaleaacaWGQbaabeaakmaabmaabaGaamiDamaaBaaaleaacaWGTbaabeaakiaacYhacaWHybWaaeWaaeaacaWG0baacaGLOaGaayzkaaWaaSbaaSqaaiaadQgaaeqaaaGccaGLOaGaayzkaaaacaGLOaGaayzkaaaacaGLOaGaayzkaaGaeyypa0JaeyyhIu7aaSbaaSqaaiaad2gaaeqaaOGaey4kaSIaaCOSdiaahIfadaqadaqaaiaadshaaiaawIcacaGLPaaadaWgaaWcbaGaamOAaaqabaGccqGHRaWkcqaH7oaBdaWgaaWcbaGaamiDaaqabaaaaa@58B0@