AN EXPERIMENTAL STUDY ON PREDICTION OF FINANCIAL FAILURES OF LISTED COMPANIES

博士 === 國立臺北大學 === 企業管理學系 === 89 === One of the major causes of corporate financial failure in Taiwan during the recent years can be attributable to corporate’s inadequate governance. This study contemplates to estimate the hazard function, to determine the fit of the four GGD distributions, namely,...

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Bibliographic Details
Main Authors: James, W.T. Chen, 陳渭淳
Other Authors: Ing San Huang
Format: Others
Language:en_US
Published: 2001
Online Access:http://ndltd.ncl.edu.tw/handle/39506231240381477617
Description
Summary:博士 === 國立臺北大學 === 企業管理學系 === 89 === One of the major causes of corporate financial failure in Taiwan during the recent years can be attributable to corporate’s inadequate governance. This study contemplates to estimate the hazard function, to determine the fit of the four GGD distributions, namely, Gamma, Weibull, Lognormal, and Exponential; as well as the another characterized Loglogistic, and to test the duration dependence and the determinants of the survival time from which the time of failure may be predicted directly. Based on the accelerated failure time model, it may present to local corporations a failure prediction. The experimental results:board of directors, quick ratio and big 5 CPA are significant correlations, and the correct classification rate of the prediction is 56.67%.