This study compares the profitability of cooperatives and investor-owned firms in the Italian wine sector. From a review of the financial ratios that have traditionally been applied in previous studies, we identify the key factors that affect firm profitability (proxied by sales growth) and...

The purpose of this research is to evaluate the financial performance measures calculated and reported by Economic Resource Service (ERS) from ARMS data. The evaluation includes the calculation method and the underlying assumptions used in obtaining the reported values. The financial measures...

This study aims to compare the regional differences by the financial ratios of 157 companies listed on Istanbul Stock Exchange (ISE), Turkey. In this respect, data of 157 companies are researched on the city indexes of Istanbul, Izmir, Kocaeli and Bursa. 16 ratios showing liquidity, financial...

This study aims to compare the regional differences by the financial ratios of 157 companies listed on Istanbul Stock Exchange (ISE), Turkey. In this respect, data of 157 companies are researched on the city indexes of Istanbul, Izmir, Kocaeli and Bursa. 16 ratios showing liquidity, financial...

Our paper shows that based on the RMSE criteria, Price-to-Earnings ratio is a better predictor of financial and market performances of the firm than the Customer Satisfaction index (CS). This conclusion is based on the choice of five financial and seven market indicators that we consider as...

This study proposes an information asymmetry hypothesis to examine why bank credit ratings vary among countries even when bank financial ratios remain constant. Countries are divided among those with low and high information asymmetry. The former include high-income countries, those in North...

Hazard model was argued having advantages compared with previous financial distress prediction model because it can produce consistent and accurate estimates. In use, hazard model can include a form of macro-dependencies e.g. macroeconomic variables to capture the effects of the changes of...

This paper examines whether a simple fundamental analysis strategy based on historical accounting information can predict stock returns. Construction and material sector are chosen in this study. Five common stock return predictor used in this study are price earning (PE), return of equity...

In the context of the current financial crisis, when more companies are facing bankruptcy or insolvency, the paper aims to find methods to identify distressed firms by using financial ratios. The study will focus on identifying a group of Romanian listed companies, for which financial data for...

We propose a new nonlinear classification method based on a Bayesian "sum-of-trees" model, the Bayesian Additive Classification Tree (BACT), which extends the Bayesian Additive Regression Tree (BART) method into the classi- fication context. Like BART, the BACT is a Bayesian nonparametric...