A Model to Predict Corporate Failure in the Developing Eonomies: A Case of Listed Companies on the Ghana Stock Exchange

• 발행기관: 한국유통과학회
• 저자명: Oduro, Richard Aseidu, Michael Amoh
• 간행물 정보: 『KODISA ICBE (International Conference on Business and Economics)』2019 International Conference on Business and Economics (ICBE 2019), 139~140쪽, 전체 2쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2019.07.08

영문 초록

The primary objective of the study is to develop a model for predicting the failure status of corporate entities in the developing economies based on both financial and non-financial ratios. The study aimed at developing a model that predict the probability of failure of companies operating in the developing economies using financial ratios and non-financial ratio. The logit model was the main statistical tool applied. A matched sample design was used. Three models were developed and compared; a model consisting of financial ratios only (Model 1), non-financial ratios only (Model 2) and both financial and non-financial ratios (Model 3). From the study, comparatively Model 3 is more efficient in predicting the corporate failure status in one year from now. Prediction of failure status of a corporate entity therefore should consider both financial and non-financial variables.

목차

1. Introduction

2. Objective of the Study

3. Methodology

키워드

Corporate Failure Corporate Governance Logit Model Ghana Stock Exchange