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dc.contributor.authorHol, Suzan
dc.date.accessioned2011-11-19T19:15:48Z
dc.date.available2011-11-19T19:15:48Z
dc.date.issued2006
dc.identifier.issn1892-753x
dc.identifier.urihttp://hdl.handle.net/11250/180699
dc.description.abstractAbstract: I combine two fields of research on default prediction by empirically testing a bankruptcy prediction function where unlisted firms are evaluated on the basis of both their financial statement analysis and the macroeconomic environment. This combination is found to improve the default prediction compared to financial statements alone. The GDP-gap, a production index and the money supply M1 in combination with some financial health indicators for individual firms are found to be significant predictors on default for Norwegian firms during both a recovery and expansion in the 1990’s. Keywords: bankruptcy prediction; macroeconomic environment; financial ratios; logit modelno_NO
dc.language.isoengno_NO
dc.publisherStatistics Norway, Research Departmentno_NO
dc.relation.ispartofseriesDiscussion Papers;No. 466
dc.subjectBankruptcyno_NO
dc.subjectFinancial ratiosno_NO
dc.subjectJEL classification: G32no_NO
dc.subjectJEL classification: G33no_NO
dc.titleThe influence of the business cycle on bankruptcy probabilityno_NO
dc.typeWorking paperno_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210::Economics: 212no_NO
dc.source.pagenumber29 s.no_NO


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