Karbhari, Yusuf ORCID: https://orcid.org/0000-0003-4513-0928 and Sori, Zulkarnain Muhamad 2004. Prediction of corporate financial distress: Evidence from Malaysian listed firms during the Asian financial crisis. [Working Paper]. Working Paper Series, Social Science Research Network: Social Science Electronic Publishing. Available at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id... |
Official URL: http://papers.ssrn.com/sol3/papers.cfm?abstract_id...
Abstract
The aims of this study are twofold: (1) to formulate a model that predicts corporate financial distress and (2), to apply the model to trace the potential failure of Malaysian financially distressed firms due to the Asian Financial Crisis of 1997. The model successfully predicts firm's health at the rate of 88%. The predictive accuracy of the model reveals that it was significantly better than chance.
Item Type: | Monograph (Working Paper) |
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Date Type: | Publication |
Status: | Published |
Schools: | Business (Including Economics) |
Subjects: | D History General and Old World > DS Asia H Social Sciences > HJ Public Finance |
Uncontrolled Keywords: | Corporate distress, financial ratios, prediction model, discriminant analysis, Asian Financial Crisis |
Publisher: | Social Science Electronic Publishing |
Last Modified: | 21 Oct 2022 10:15 |
URI: | https://orca.cardiff.ac.uk/id/eprint/39566 |
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