haku: @indexterm Financial crises / yhteensä: 181
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| Tekijä: | Jones, S. Henscher, D.A. |
| Otsikko: | Modelling corporate failure: A multinomial nested logit analysis for unordered outcomes |
| Lehti: | British Accounting Review
2007 : MAR, VOL. 39:1, p. 89-107 |
| Asiasana: | accounting financial crises logit models |
| Vapaa asiasana: | corporate failures |
| Kieli: | eng |
| Tiivistelmä: | In this study, the theoretical and empirical significance of the multinomial nested logit (NL) model is evaluated for the prediction and explanation of firm financial distress. Based on a 4-state failure model of Australian company samples, a NL model is estimated and tested its predictive performance. Model fits' and out-of-sample forecasts' comparisons indicate that the unordered NL model statistically outperforms a standard logit model by substantial margins etc. |
SCIMA