The prediction of corporate failure: Testing the Australian experience

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dc.contributor.author Castagna, A
dc.contributor.author Matolcsy, ZP
dc.date.accessioned 2011-02-07T06:26:45Z
dc.date.issued 1981-01
dc.identifier.citation Australian Journal of Management, 1981, 6 (1), pp. 23 - 50
dc.identifier.issn 0312-8962
dc.identifier.other C1UNSUBMIT en_US
dc.identifier.uri http://hdl.handle.net/10453/13999
dc.description.abstract The purpose of this paper is to address some of the methodological issues which have evolved from the literature on corporate failures, and to report the results of an empirical investigation on the usefulness of financial models for the prediction of corporate failures. The experimental design is based on the 21 listed public companies that failed in Australia during the period 1963 to 1977, inclusive, and which met with minimum data requirements. It examines the performance of linear versus quadratic classification rules; temporal versus atemporal models; equal versus unequal priors of failure, variable dimension reduction, and a validation test proposed by Lachenbruch (1967). The results of the study suggest that it is difficult to identify a unique model to predict corporate failures, without specifying the utility preference of the user. Utility preference in this context refers to the minimization of either Type I, Type II, or the overall error rate of a failure model.
dc.format Yes
dc.publisher Australian Graduate School of Management
dc.title The prediction of corporate failure: Testing the Australian experience
dc.type Journal Article
dc.parent Australian Journal of Management
dc.journal.volume 1
dc.journal.volume 6
dc.journal.number 1 en_US
dc.publocation Sydney, Australia en_US
dc.identifier.startpage 23 en_US
dc.identifier.endpage 50 en_US
dc.cauo.name BUS.School of Accounting en_US
dc.conference Verified OK en_US
dc.for 150303 Corporate Governance and Stakeholder Engagement
dc.for 150103 Financial Accounting
dc.personcode 820027
dc.percentage 50 en_US
dc.classification.name Financial Accounting en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US
dc.date.activity en_US
dc.location.activity en_US
dc.description.keywords NA en_US
dc.description.keywords NA
dc.description.keywords NA
dc.description.keywords NA
dc.description.keywords NA
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Business
pubs.organisational-group /University of Technology Sydney/Faculty of Business/School of Accounting
pubs.organisational-group /University of Technology Sydney/Strength - Corporate Governance


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