The Impact of Recession on the Prediction of Corporate Failure
In this paper, we hypothesize that recessionary business cycles can contribute to corporate failure. Specifically, we test for a relationship between failure and (1) knowledge that failure occurred during a recession and (2) knowledge that the predictor variables were measured during a recession. We...
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| Veröffentlicht in: | Journal of business finance & accounting 1998-01, Vol.25 (1-2), p.167-186 |
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| container_end_page | 186 |
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| container_issue | 1-2 |
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| container_title | Journal of business finance & accounting |
| container_volume | 25 |
| creator | Richardson, Frederick M. Kane, Gregory D. Lobingier, Patricia |
| description | In this paper, we hypothesize that recessionary business cycles can contribute to corporate failure. Specifically, we test for a relationship between failure and (1) knowledge that failure occurred during a recession and (2) knowledge that the predictor variables were measured during a recession. We are able to show that accounting‐based logistic regression models used to predict corporate failure are sensitive to the occurrence of a recession. Furthermore, our results indicate that such models are sensitive to knowledge that the predictor variables were generated during a recession and to knowledge that failure ultimately occurred during a recession. |
| doi_str_mv | 10.1111/1468-5957.00182 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0306-686X |
| ispartof | Journal of business finance & accounting, 1998-01, Vol.25 (1-2), p.167-186 |
| issn | 0306-686X 1468-5957 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_38585610 |
| source | Wiley Online Library Journals Frontfile Complete; Business Source Complete |
| subjects | Accounting business cycle Business cycles Business failures corporate failure Effects Enterprises failure prediction Forecasts Hypotheses Recession Recessions Studies |
| title | The Impact of Recession on the Prediction of Corporate Failure |
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