Tài liệu
Using Accounting Ratios in Predicting Financial Distress: An Empirical Investigation in the Vietnam Stock Market
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182
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Tóm tắt
Financial distress prediction is an important and practical research topic for many stakeholders and has attracted extensive studies over the past decades. This paper investigates the challenging issue of fiancial distress in Vietnam by distinguishing “healthy” companies from “fiancially distressed” companies using a data sample of fims listed on the Ho Chi Minh City Stock Exchange. Employing the logistic regression model to predict fiancial distress with a unique data set, we characterize the determinants of fiancial distress in terms of fim accounting and fiancial ratios over the period from 2007 to 2012. The results indicate that fiancial ratios can be employed as an early warning of fiancial distress as fiancial ratios are signifiantly correlated with the probability of fim fiancial distress.
Mô tả
economics
Tác giả
Vo, Xuan Vinh
Người hướng dẫn
Nơi xuất bản
Nhà xuất bản
Kinh Tế Quốc Dân
Năm xuất bản
2015
ISBN
1859-0020
ISSN
Từ khóa chủ đề
Financial distress , insolvency , logit
Trích dẫn
Bộ sưu tập
Tệp tin
Article 3_JED_Vol 17_Number 1.pdf
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