Υποδείγματα πιθανότητας για την πρόγνωση της οικονομικής αποτυχίας ελληνικών βιομηχανικών επιχειρήσεων
Part of : Σπουδαί : journal of economics and business ; Vol.41, No.4, 1991, pages 431-448
Issue:
Pages:
431-448
Author:
Abstract:
The objective of this study is to develop probability models for the prediction of financial failure of Greek industrial firms, based on a set of ratios estimated from published financial statements. A sample of failed and non-failed firms was selected and financial ratios were computed in order to form a set of independent variables to be included in the models. Using both Linear Probability and Logit models and following a factor analysis to select useful ratios, a set of probability models were identified which proved to be significantly reliable in predicting financial failure, both in the estimation sample and in a separate validation sample, up to four years before its occurrence. The models were also consistently accurate in distinguishing financially healthy firms from those facing serious financial difficulties. Differences in the predictive ability of the two methods employed have not been found significant.
Subject (LC):
Notes:
Περιέχει πίνακες, σημειώσεις και βιβλιογραφία
