Predicting Corporate Failure : Empirical Evidence for the UK

@inproceedings{Charitou2001PredictingCF,
  title={Predicting Corporate Failure : Empirical Evidence for the UK},
  author={Andreas Charitou and EVI NEOPHYTOU and Chris Charalambous},
  year={2001}
}
The main purpose of this study is to examine the incremental information content of operating cash flows in predicting financial distress and thus develop reliable failure prediction models for UK public industrial firms. Neural networks and logit methodology were employed to a dataset of fifty-one matched pairs of failed and non-failed UK public industrial firms over the period 1988–97. The final models are validated using an out-of-sample-period ex-ante test and the Lachenbruch jackknife… CONTINUE READING

Citations

Publications citing this paper.
Showing 1-10 of 53 extracted citations

Micro Credit Risk Metrics: a Comprehensive Review

Int. Syst. in Accounting, Finance and Management • 2013
View 4 Excerpts
Highly Influenced

References

Publications referenced by this paper.
Showing 1-10 of 61 references

An Examination of the Stationarity of Multivariate Bankruptcy Prediction Models: A Methodological Study

Y. Mensah
Journal of Accounting Research (Spring • 1984
View 4 Excerpts
Highly Influenced

The Effect of General Price Level Adjustments on the Predictability of Financial Ratios

J. Ketz
Journal of Accounting Research • 1978
View 4 Excerpts
Highly Influenced

Forecasting Financial Failure: A Re-Examination”, Financial Management (vol.6 1977), pp.11-17

R C.Moyer
Nobes C. and R. Parker, • 1999

Kankaanpaa, “Comparative analysis of failure prediction methods: the Finnish case

T. M. Laitinen
The European Accounting Review, • 1999

The Association Between Operating Cash Flows and Dividend Changes: An Empirical Investigation

A Charitou, N. Vafeas
Journal of Business Finance and Accounting (vol • 1998
View 2 Excerpts

Using neural networks to predict corporate failure

Int. Syst. in Accounting, Finance and Management • 1998

Early Warning Indicators of Corporate Failure, Ashgate

R. Morris
1997

Accounting”, Accounting and Business Research (vol

T. Ward
1996

Similar Papers

Loading similar papers…