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| Author: | Platt, H. Platt, M. Pedersen, J. |
| Title: | Bankruptcy discrimination with real variables |
| Journal: | Journal of Business Finance and Accounting
1994 : JUN, VOL. 21:4, p. 491-510 |
| Index terms: | BANKRUPTCY DISCRIMINATION BANKS |
| Language: | eng |
| Abstract: | This paper reconsiders the accepted usage of nondeflated financial ratios in statistical models to differentiate between failed and nonfailed firms. Nondeflated ratios are hypothesized to inadequately reflect inter-temporal macroeconomic fluctuations that affect the ability of firm's to survive. Using a sample of 124 oil and gas companies between the period 1982-1988, the going concern assumption is evaluated with statistical logit models using either nondeflated or deflated financial ratios. |
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