RDP 2016-09: Why Do Companies Fail? Equation

h( t m | X j )= S( t m1 , X j )S( t m , X j ) S( t m1 , X j ) =1 e e β X j ( H m1 H m ) MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiAamaabmaabaGaamiDamaaBaaaleaacaWGTbaabeaakiaacYhacaWHybWaaSbaaSqaaiaadQgaaeqaaaGccaGLOaGaayzkaaGaeyypa0ZaaSaaaeaacaWGtbWaaeWaaeaacaWG0bWaaSbaaSqaaiaad2gacqGHsislcaaIXaaabeaakiaacYcacaWHybWaaSbaaSqaaiaadQgaaeqaaaGccaGLOaGaayzkaaGaeyOeI0Iaam4uamaabmaabaGaamiDamaaBaaaleaacaWGTbaabeaakiaacYcacaWHybWaaSbaaSqaaiaadQgaaeqaaaGccaGLOaGaayzkaaaabaGaam4uamaabmaabaGaamiDamaaBaaaleaacaWGTbGaeyOeI0IaaGymaaqabaGccaGGSaGaaCiwamaaBaaaleaacaWGQbaabeaaaOGaayjkaiaawMcaaaaacqGH9aqpcaaIXaGaeyOeI0IaamyzamaaCaaaleqabaGaamyzamaaCaaameqabaGaaCOSdiaahIfadaWgaaqaaiaadQgaaeqaaaaalmaabmaabaGaamisamaaBaaameaacaWGTbGaeyOeI0IaaGymaaqabaWccqGHsislcaWGibWaaSbaaWqaaiaad2gaaeqaaaWccaGLOaGaayzkaaaaaaaa@68AF@