Lee, Tsun-Siou; Yeh, Yin-Hua; Liu, Rong-Tze - Center for Economic Institutions, Institute of Economic … - 2003
contribution to the probability of financial distress. For macroeconomic sensitivities, firms with higher sensitivities to the … annualized growth rates of manufacturing production index and money supply (M2) are more vulnerable to financial distress. As to … that an estimated probability of financial distress of 0.2000 represents the optimal cutoff point for predicting financial …