The Usefulness of Operating Cash Flow for Predicting Business Bankruptcy in Medium-Sized Firms

Abstract Purpose: This paper proposes using operating cash flow (OCF) as an instrument to determine a firm’s likelihood of bankruptcy. It presents a new model capable of predicting business failure based on data derived from financial statements. Design/methodology/approach: In this study, logit ana...

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Hauptverfasser: Rodríguez-Masero, Natividad, López-Manjón, Jesús D.
Format: Dataset
Sprache:eng
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