Predicting firm failure: A behavioral finance perspective
In this article we first argue that researchers in the area of financial distress and failure cannot ignore the human/managerial/decision-making side of the business and just focus on the business' operations side; as has been the case so far for almost all the research in the area. We then discuss how psychological phenomena and principles, known as heuristics or mental shortcuts, could be utilized in building more powerful success/failure prediction models especially for small and medium sized enterprises (SMEs).
Year of publication: |
2010
|
---|---|
Authors: | Yazdipour, R. ; Constand, Richard L. |
Published in: |
Journal of Entrepreneurial Finance, JEF. - Montrose, CA : The Academy of Entrepreneurial Finance (AEF), ISSN 1551-9570. - Vol. 14.2010, 3, p. 90-104
|
Publisher: |
Montrose, CA : The Academy of Entrepreneurial Finance (AEF) |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Predicting firm failure : a behavioral finance perspective
Yazdipour, Rassoul, (2010)
-
Firm failure prediction models : a critique and a review of recent developments
Constand, Richard L., (2011)
-
Predicting firm failure : a behavioral finance perspective
Yazdipour, R., (2010)
- More ...