An Examination Of The Potential Impact Of Risk On Viability Assessments For Financially Distressed Firms: The Case Of Professional User Groups Of Company Accounts
Risky conditions in conjunction with individuals' attitude to risk would normally lead to risk-averse behavior (Fishbein & Ajzen, 1975; Ajzen & Fishbein, 1980). In this research, risk-averse behavior (the dependent variable) relates to the "going-concern" opinion of financi...
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| Format: | Article |
| Language: | English |
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Asian Academy of Management (AAM)
2007
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| Online Access: | http://eprints.usm.my/35948/ http://eprints.usm.my/35948/1/AAMJ_12-1-3.pdf |
| _version_ | 1848877766927187968 |
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| author | Constantinides, Sylvia |
| author_facet | Constantinides, Sylvia |
| author_sort | Constantinides, Sylvia |
| building | USM Institutional Repository |
| collection | Online Access |
| description | Risky conditions in conjunction with individuals' attitude to risk would normally lead to
risk-averse behavior (Fishbein & Ajzen, 1975; Ajzen & Fishbein, 1980). In this research,
risk-averse behavior (the dependent variable) relates to the "going-concern" opinion of
financially distressed firms. A logistic regression model used as predictors of risk
measurements (risky conditions and risk attitude) correctly predicts 97.6% of the nongoing concern opinions. In conclusion, the empirical evidence demonstrates a subtle
impact of risk on individuals' behavior despite the fact that distinct statistical tests do not
fully support this. |
| first_indexed | 2025-11-15T17:20:40Z |
| format | Article |
| id | usm-35948 |
| institution | Universiti Sains Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T17:20:40Z |
| publishDate | 2007 |
| publisher | Asian Academy of Management (AAM) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | usm-359482017-08-04T08:23:09Z http://eprints.usm.my/35948/ An Examination Of The Potential Impact Of Risk On Viability Assessments For Financially Distressed Firms: The Case Of Professional User Groups Of Company Accounts Constantinides, Sylvia HD28-70 Management. Industrial Management Risky conditions in conjunction with individuals' attitude to risk would normally lead to risk-averse behavior (Fishbein & Ajzen, 1975; Ajzen & Fishbein, 1980). In this research, risk-averse behavior (the dependent variable) relates to the "going-concern" opinion of financially distressed firms. A logistic regression model used as predictors of risk measurements (risky conditions and risk attitude) correctly predicts 97.6% of the nongoing concern opinions. In conclusion, the empirical evidence demonstrates a subtle impact of risk on individuals' behavior despite the fact that distinct statistical tests do not fully support this. Asian Academy of Management (AAM) 2007 Article PeerReviewed application/pdf en http://eprints.usm.my/35948/1/AAMJ_12-1-3.pdf Constantinides, Sylvia (2007) An Examination Of The Potential Impact Of Risk On Viability Assessments For Financially Distressed Firms: The Case Of Professional User Groups Of Company Accounts. Asian Academy of Management Journal (AAMJ), 12 (1). pp. 1-16. ISSN 1394-2603 http://web.usm.my/aamj/12.1.2007/AAMJ%2012-1-3.pdf |
| spellingShingle | HD28-70 Management. Industrial Management Constantinides, Sylvia An Examination Of The Potential Impact Of Risk On Viability Assessments For Financially Distressed Firms: The Case Of Professional User Groups Of Company Accounts |
| title | An Examination Of The Potential Impact
Of Risk On Viability Assessments For
Financially Distressed Firms: The Case
Of Professional User Groups Of
Company Accounts |
| title_full | An Examination Of The Potential Impact
Of Risk On Viability Assessments For
Financially Distressed Firms: The Case
Of Professional User Groups Of
Company Accounts |
| title_fullStr | An Examination Of The Potential Impact
Of Risk On Viability Assessments For
Financially Distressed Firms: The Case
Of Professional User Groups Of
Company Accounts |
| title_full_unstemmed | An Examination Of The Potential Impact
Of Risk On Viability Assessments For
Financially Distressed Firms: The Case
Of Professional User Groups Of
Company Accounts |
| title_short | An Examination Of The Potential Impact
Of Risk On Viability Assessments For
Financially Distressed Firms: The Case
Of Professional User Groups Of
Company Accounts |
| title_sort | examination of the potential impact
of risk on viability assessments for
financially distressed firms: the case
of professional user groups of
company accounts |
| topic | HD28-70 Management. Industrial Management |
| url | http://eprints.usm.my/35948/ http://eprints.usm.my/35948/ http://eprints.usm.my/35948/1/AAMJ_12-1-3.pdf |