haku: @author Menon, K. / yhteensä: 9
viite: 6 / 9
| Tekijä: | Gilbert, L. R. Menon, K. Schwartz, K. B. |
| Otsikko: | Predicting bankruptcy for firms in financial distress. |
| Lehti: | Journal of Business Finance and Accounting
1990 : SPRING, VOL. 17:1, p. 161-171 |
| Asiasana: | ACCOUNTING RATIOS FINANCIAL ANALYSIS BANKRUPTCY |
| Kieli: | eng |
| Tiivistelmä: | Bankruptcy models are developed using a sample of bankrupt and randomly selected nonbankrupt firms, and a sample of bankrupt and distressed firms. It is demonstrated that financial ratio-based models are unable to distinguish bankruptcies from other distressed firms. The overlapping financial characteristics of the bankrupt and distressed firms suggest that the resolution of distress is determined by nonfinancial factors. |
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