Situm, Mario - In: Business Systems Research 5 (2014) 2, pp. 23-45
. Objectives: The paper aims to demonstrate that gearing-ratio is not an appropriate predictor for firm failures …/bankruptcies. Methods/Approach: The first and the second order derivatives for the gearing-ratio formula were computed and mathematically … analysed. Based on these results an interpretation was given and the suitability of gearing-ratio as a discriminator within …