Development of a Method to Assess the Relevant Variables and the Probability of Financial Distress

This study develops a method to select variables, and to specify the relative importance of those variables, as input for failure models. In addition, our method provides estimates of the failure probabilities of organisations at a point in time. The results of tests of our method on Australian credit unions are intuitively appealing, given the recent experiences of the Australian financial market generally, and the credit union industry in particular.

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Year of publication:	1987
Authors:	Crapp, Harvey R. ; Stevenson, Maxwell
Published in:	Australian Journal of Management. - Australian School of Business. - Vol. 12.1987, 2, p. 221-236
Publisher:	Australian School of Business
Subject:	FINANCIAL DISTRESS \| VARIABLE SELECTION \| FAILURE PROBABILITY \| CREDIT UNIONS

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010769396