We use a large panel dataset that includes nearly 31,000 Greek private firms to investigate which variables impact on the prediction of corporate financial distress. Based on a multi-period logit model that accounts for industry effects, we identify six firm-specific variables that best describe...

This paper evaluates the importance of building a composite metric of financial soundness for the private corporate sector in Colombia. Instead of relying on the individual and sometimes restrictive financial ratio analysis approach, the purpose of this document is to provide a single metric...

I combine two fields of research on default prediction by empirically testing a bankruptcy prediction function where unlisted firms are evaluated on the basis of both their financial statement analysis and the macroeconomic environment. This combination is found to improve the default prediction...

In the last few years, there has been lively debate about the appropriateness of financial ratios in determining the value of high technology stocks especially in the US market. Of particular focus in this debate has been the high to very high P-E ratios assigned to companies that by any other...

Šopis, V., Prekybinės įmonės pelningumo didinimo galimybių vertinimas [Rankraštis]:bakalauro baigiamasis darbas: ekonomika. Vilnius, ISM Vadybos ir ekonomikos universitetas,2009.Bakalauro baigiamojo darbo tikslas – išanalizuoti prekybinės įmonės pelningumo rodikliusir nustatyti...

Analysis of consolidated accounting data of European listed groups shows significant differences in some key ratios between countries. However, the figures do not reveal whether these differences result from a distinct composition of the countries' populations in terms of branches of activity...

We demonstrate improvements in predictive power when introducing spline functions to take account of highly non-linear relationships between firm failure and earnings, leverage, and liquidity in a logistic bankruptcy model. Our results show that modeling excessive non-linearities yields...