The prediction of corporate failure: Testing the Australian experience

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Show simple item record Castagna, Ad en_US Matolcsy, Zoltan en_US
dc.contributor.editor en_US 2011-02-07T06:26:45Z 2011-02-07T06:26:45Z 1981 en_US
dc.identifier 2008004160 en_US
dc.identifier.citation Castagna Ad and Matolcsy Zoltan 1981, 'The prediction of corporate failure: Testing the Australian experience', Australian Graduate School of Management, vol. 6, no. 1, pp. 23-50. en_US
dc.identifier.issn 0312-8962 en_US
dc.identifier.other C1UNSUBMIT en_US
dc.description.abstract The purpose of this paper is to address some of the methodological issues which have evolved from the literature on corporate failures, and to report the results of an empirical investigation on the usefulness of financial models for the prediction of corporate failures. The experimental design is based on the 21 listed public companies that failed in Australia during the period 1963 to 1977, inclusive, and which met with minimum data requirements. It examines the performance of linear versus quadratic classification rules; temporal versus atemporal models; equal versus unequal priors of failure, variable dimension reduction, and a validation test proposed by Lachenbruch (1967). The results of the study suggest that it is difficult to identify a unique model to predict corporate failures, without specifying the utility preference of the user. Utility preference in this context refers to the minimization of either Type I, Type II, or the overall error rate of a failure model. en_US
dc.language en_US
dc.publisher Australian Graduate School of Management en_US
dc.title The prediction of corporate failure: Testing the Australian experience en_US
dc.parent Australian Journal of Management en_US
dc.journal.volume 6 en_US
dc.journal.number 1 en_US
dc.publocation Sydney, Australia en_US
dc.identifier.startpage 23 en_US
dc.identifier.endpage 50 en_US BUS.School of Accounting en_US
dc.conference Verified OK en_US
dc.for 150103 en_US
dc.personcode 0000035590 en_US
dc.personcode 820027 en_US
dc.percentage 50 en_US Financial Accounting en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US en_US
dc.location.activity en_US
dc.description.keywords NA en_US
dc.staffid en_US
dc.staffid 820027 en_US

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