Testing Corporate Model Prediction Accuracy

This paper investigates the predictive accuracies of corporate failure models. We find, through the elimination of biases found in these models, that the success rates for the placing of corporations into their correct categories are overstated. The paper confirms the view that the use of predictive corporate distress models should not be the sole criterion for making a lending decision.

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Year of publication:	1989
Authors:	Nash, Murray ; Anstis, Michael ; Bradbury, Michael
Published in:	Australian Journal of Management. - Australian School of Business. - Vol. 14.1989, 2, p. 211-221
Publisher:	Australian School of Business
Subject:	CORPORATE FAILURE MODELS \| PREDICTIVE ACCURACY \| APPRAISAL TECHNIQUES

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

Persistent link: https://www.econbiz.de/10010769572