Doomed Firms

An Econometric Analysis of the Path to Failure

CYBINSKI, P.J. Taal: Engels

Paperback

€ 39,95

Afwijkende levertijd: 28-30 werkdagen
Doomed Firms

Paperback

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This title was first published in 2003. This book provides a much-needed comprehensive and up-to-date treatise on financial distress modelling. Since many of the challenges facing researchers of financial distress can only be addressed by a totally new research design and modelling methodology, this book concentrates on extending the potential for bankruptcy analysis from single-equation modelling to multi-equation analysis. Essentially, the work provides an innovative new approach by comparing each firm with itself over time rather than testing specific hypotheses or improving predictive and classificatory accuracy. Added to this new design, a whole new methodology - or way of modelling the process - is applied in the form of a family of models of which the traditional single equation logit or MDA models is just a special case. Preliminary two-equation and three-equation models are presented and tested in the final chapters as a taste of things to come. The groundwork for a full treatise on these sorts of multi-equation systems is laid for further study - this family of models could be used as a basis for more specific applications to different industries and to test hypotheses concerning influential variables to bankruptcy risk.
ISBN
9781138711945
Vorm
Paperback
Uitgever
Taylor & Francis Ltd
Druk
1e
Verschenen
30-09-2019
Taal
Engels
Pagina's
250 pp.
Genre
Literaire fictie
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