Predictive Power of Financial Ratios in Business Failure: Evidence from UK Companies Using Logistic Regression

Predictive Power of Financial Ratios in Business Failure: Evidence from UK Companies Using Logistic Regression

THIS PAPER EXAMINES THE PREDICTIVE POWER BY FINANCIAL RATIOS IN BUSINESS FAILURE FOR A SAMPLE OF 216 UK COMPANIES BETWEEN 2003 AND 2007. EMPIRICAL RESULTS SHOW THAT THE MOST IMPORTANT DETERMINANTS OF BANKRUPTCY ARE SIZE, PROFITABILITY, LIQUIDITY AND CASH FLOW POSITION. THE PREDICTIVE POWER OF THE LO...

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Bibliographic Details
Main Author: Zhao, X
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2012
Subjects:
FINANCIAL RATIOS
BUSINESS FAILURE
LOGISTIC REGRESSION
Online Access:https://eprints.nottingham.ac.uk/25620/

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