Predicting Corporate Failure - Some Results for the U.K. Corporate Sector

Peel, M.J. and Peel, David and Pope, Peter (1986) Predicting Corporate Failure - Some Results for the U.K. Corporate Sector. Omega: The International Journal of Management Science, 14 (1). pp. 5-12. ISSN 0305-0483

Full text not available from this repository.

Abstract

A large number of authors have developed statistical models, which are based solely on conventional financial ratios constructed from published accounting data, with the aim of predicting corporate failure as evidenced by the event of ‘bankruptcy’. The purpose of this paper is to report some empirical results for a study of the UK corporate sector in which corporate failure is predicted employing a statistical model which incorporates both conventional accounting ratios and a number of new variables which are not derived from profit and loss accounts and balance sheet items, but which are computed from annual company reports and accounts. The empirical results suggesting that our new variables enhance the predictive power of models which employ conventional financial ratios only.

Item Type:
Journal Article
Journal or Publication Title:
Omega: The International Journal of Management Science
Uncontrolled Keywords:
/dk/atira/pure/researchoutput/libraryofcongress/hb
Subjects:
ID Code:
56417
Deposited By:
Deposited On:
31 Jul 2012 10:25
Refereed?:
Yes
Published?:
Published
Last Modified:
10 Apr 2020 01:33