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- W233647149 abstract "This is the first study in Hong Kong to investigate the usefulness of financial distress prediction models in bank credit decisions. Using data from a sample of solvent and insolvent firms in Hong Kong, the predictive ability of a distress classification model is examined. This model, as distinct from the models based on multiple discriminant analysis, is simple and easy to use and can be applied to firms of all sizes and in different industries. Evidence indicates a high predictive power of the model which should therefore be an aid to the credit decision-making process of the bankers in Hong Kong and possibly also in other countries. This should in turn facilitate the financial intermediation process in the economy." @default.
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- W233647149 date "2016-01-01" @default.
- W233647149 modified "2023-09-23" @default.
- W233647149 title "THE PREDICTION OF CORPORATE FINANCIAL DISTRESS AND BANK CREDIT DECISIONS: HONG KONG EMPIRICAL EVIDENCE" @default.
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