| Financial Statement Analysis and the Prediction of Financial Distress Contributor(s): Beaver, William H. (Author), Correia, Maria (Author), McNichols, Maureen F. (Author) |
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ISBN: 1601984243 ISBN-13: 9781601984241 Publisher: Now Publishers OUR PRICE: $61.75 Product Type: Paperback Published: April 2011 |
| Additional Information |
| BISAC Categories: - Business & Economics | Accounting - General - Business & Economics | Accounting - Financial - Business & Economics | Finance - General |
| Dewey: 657.3 |
| Series: Foundations and Trends(r) in Accounting |
| Physical Information: 0.19" H x 6.14" W x 9.21" (0.30 lbs) 90 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Financial Statement Analysis and the Prediction of Financial Distress discusses the evolution of three main streams within the financial distress prediction literature: the set of dependent and explanatory variables used, the statistical methods of estimation, and the modeling of financial distress. Section 1 discusses concepts of financial distress. Section 2 discusses theories regarding the use of financial ratios as predictors of financial distress. Section 3 contains a brief review of the literature. Section 4 discusses the use of market price-based models of financial distress. Section 5 develops the statistical methods for empirical estimation of the probability of financial distress. Section 6 discusses the major empirical findings with respect to prediction of financial distress. Section 7 briefly summarizes some of the more relevant literature with respect to bond ratings. Section 8 presents some suggestions for future research and Section 9 presents concluding remarks. |
