search query: @indexterm COMPANY FAILURES / total: 200
reference: 16 / 200
Author: | Richardson, F. M. Kane, G. D. Lobingier, P. |
Title: | The impact of recession on the prediction of corporate failure |
Journal: | Journal of Business Finance and Accounting
1998 : JAN/MAR, VOL. 25:1-2, p. 167-186 |
Index terms: | BUSINESS CYCLES COMPANY FAILURES RECESSION |
Language: | eng |
Abstract: | In the paper, it is hypothesized that recessionary business cycles can contribute to corporate failure. Specifically, a relationship between failure and (1) knowledge that failure occurred during a recession and (2) knowledge that the predictor variables were measured during a recession is tested. It is shown that accounting-based logistic regression models used to predict corporate failure are sensitive to the occurrence of a recession. Furthermore, the results indicate that such models are sensitive to knowledge that the predictor variables were generated during a recession and to knowledge that failure ultimately occurred during a recession. |
SCIMA