Corporate failure: an empirical approach.

by Lau Chun Man, Yeung Kwok Ching.Thesis (M.B.A.)--Chinese University of Hong Kong, 1990.Bibliography: leaves [86-91]ABSTRACT --- p.iiTABLE OF CONTENTS --- p.iiiLIST OF TABLES --- p.vACKNOWLEDGMENTS --- p.viChapter I. --- INTRODUCTION --- p.1Chapter II. --- BACKGROUND --- p.6The Origin Of Failure Prediction --- p.6Classical Works --- p.7Approaches In Quantitative Prediction Model --- p.8Approaches In Qualitative Prediction Model --- p.10Purpose Of The Researches --- p.12Practical Applications Of The Models --- p.13Problems In Prediction Models --- p.14Chapter III. --- PREVIOUS RESEARCH FINDINGS --- p.15Studies Of Different Researchers --- p.15Researches In Different Countries --- p.26Chapter IV. --- METHODOLOGY --- p.32Multiple Discriminant Analysis (MDA) --- p.32Sample Selection --- p.34Prediction Variables Selected --- p.39Validation Of The Model --- p.39Chapter V. --- PRESENTATION AND ANALYSIS OF THE RESULTS --- p.42Interpretation Of Computer Results On 1-Year Statement Prior Bankruptcy --- p.42Relative Importance Of The 11 Predictive Variables --- p.44Explanation Of Financial Distress In Terms Of The 3-Variables Function --- p.47Classification And Validation --- p.49Comparison Between The Discriminant Functions Generated From 1to 3 Year Statements Prior Bankruptcy --- p.51Chapter VI. --- LIMITATIONS AND RECOMMENDATIONS --- p.62Limitations --- p.62Recommendations --- p.66Chapter VII. --- CONCLUSION --- p.69APPENDIXBIBLIOGRAPH