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• Constantinides, Sylvia
• Berry, Robert H.

The evidence confirms that, auditors', bankers' and insolvency practitioners' expected outcomes of wrongly classifying a non-viable firm as viable, is more important than the opposite. However, there is no significant correlation between expected outcomes and individuals' "going-concern" opinions. Furthermore, individuals' perceived roles, risks, and risk attitudes are related to their expected outcomes suggesting a subtle impact of behavioural factors on individuals' decision-making in this context. Finally, a logistic regression model for "going-concern" classifications using all the aforementioned variables has an overall accuracy of 78.10%.

• Economics and Business
• Computer and information sciences

• Finance
• Business
• Statistics
• Risk

auditors, bankers, insolvency practitioners, going-concern, expectations, risk

Περιέχει πίνακες και βιβλιογραφία, The authors would like to thank CHA and Sheffield Hallam University for their financial support and Professor Mike Wright for his contribution to this research.