Financial Statement Analysis and the Prediction of Financial Distress discusses the evolution of three main streams within the financial distress prediction literature: the set of dependent and explanatory variables used, the statistical methods of estimation, and the modeling of financial distress. Section 1 discusses concepts of financial distress. Section 2 discusses theories regarding the use of financial ratios as predictors of financial distress. Section 3 contains a brief review of the literature. Section 4 discusses the use of market price-based models of financial distress. Section 5 develops the statistical methods for empirical estimation of the probability of financial distress. Section 6 discusses the major empirical findings with respect to prediction of financial distress. Section 7 briefly summarizes some of the more relevant literature with respect to bond ratings. Section 8 presents some suggestions for future research and Section 9 presents concluding remarks.
| Autorius: | William H. Beaver, Maria Correia, Maureen F. McNichols, |
| Leidėjas: | Now Publishers Inc |
| Išleidimo metai: | 2011 |
| Knygos puslapių skaičius: | 90 |
| ISBN-10: | 1601984243 |
| ISBN-13: | 9781601984241 |
| Formatas: | 234 x 156 x 5 mm. Knyga minkštu viršeliu |
| Kalba: | Anglų |
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