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Financial Statement Analysis and the Prediction of Financial Distress, Paperback / softback Book

Financial Statement Analysis and the Prediction of Financial Distress Paperback / softback

Part of the Foundations and Trends (R) in Accounting series

Paperback / softback

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Discusses the evolution of three main streams within the financial distress prediction literature: the set of dependent and explanatory variables used, the statistical methods of estimation, and the modeling of financial distress. Section 1 discusses concepts of financial distress.

Section 2 discusses theories regarding the use of financial ratios as predictors of financial distress.

Section 3 contains a brief review of the literature.

Section 4 discusses the use of market price-based models of financial distress.

Section 5 develops the statistical methods for empirical estimation of the probability of financial distress.

Section 6 discusses the major empirical findings with respect to prediction of financial distress.

Section 7 briefly summarizes some of the more relevant literature with respect to bond ratings.

Section 8 presents some suggestions for future research and Section 9 presents concluding remarks.

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