Matches in SemOpenAlex for { <https://semopenalex.org/work/W2994648982> ?p ?o ?g. }
- W2994648982 endingPage "484" @default.
- W2994648982 startingPage "457" @default.
- W2994648982 abstract "Purpose This paper aims to develop a corporate financial distress model for Indian listed companies using financial and non-financial parameters by using a conditional logit regression technique. Design/methodology/approach This study used a sample of 96 companies, of which 48 were declared sick between 2014 and 2016. The sample was divided into a training sample and a testing sample. The variables for the study included nine financial variables and four non-financial variables. The models were developed using financial variables alone as well as combining financial and non-financial variables. The performance of the test sample was measured with confusion matrix, sensitivity, specificity, precision, F -measure, Types 1 and 2 error. Findings The results show that models with financial variables had a prediction accuracy of 85.19 and 86.11 per cent, whereas models with a combination of financial and non-financial variables predict with comparatively better accuracy of 89.81 and 91.67 per cent. Net asset value, long-term debt–equity ratio, return on investment, retention ratio, age, promoters holdings pledged and institutional holdings are the critical financial and non-financial predictors of financial distress. Originality/value This study contributes to the financial distress prediction literature in different ways. First, there have been, until now, few studies in the area of financial distress prediction in the Indian context. Second, business failure studies in the past have used only financial variables. The authors have combined financial and non-financial variables in their model to increase predictive ability. Thirdly, in most earlier studies, variable institutional holdings were found to affect financial distress negatively. In contrast, the authors found this parameter to be positively significant to the financial distress of the company. Finally, there have hitherto been few studies that have used promoter holdings pledged (PHP) or pledge ratio. The authors found this variable to influence business failure positively." @default.
- W2994648982 created "2019-12-26" @default.
- W2994648982 creator A5001072968 @default.
- W2994648982 creator A5027876394 @default.
- W2994648982 creator A5076476841 @default.
- W2994648982 creator A5081502584 @default.
- W2994648982 date "2019-10-23" @default.
- W2994648982 modified "2023-10-18" @default.
- W2994648982 title "Modeling corporate financial distress using financial and non-financial variables" @default.
- W2994648982 cites W1140667333 @default.
- W2994648982 cites W1538210498 @default.
- W2994648982 cites W1592683972 @default.
- W2994648982 cites W1973282242 @default.
- W2994648982 cites W2000741764 @default.
- W2994648982 cites W2004473119 @default.
- W2994648982 cites W2014418460 @default.
- W2994648982 cites W2020848494 @default.
- W2994648982 cites W2022444597 @default.
- W2994648982 cites W2024549727 @default.
- W2994648982 cites W2024966305 @default.
- W2994648982 cites W2026084569 @default.
- W2994648982 cites W2027132238 @default.
- W2994648982 cites W2033143372 @default.
- W2994648982 cites W2035864458 @default.
- W2994648982 cites W2046058573 @default.
- W2994648982 cites W2048801439 @default.
- W2994648982 cites W2051140949 @default.
- W2994648982 cites W2055622485 @default.
- W2994648982 cites W2074156049 @default.
- W2994648982 cites W2079156162 @default.
- W2994648982 cites W2086116214 @default.
- W2994648982 cites W2089710381 @default.
- W2994648982 cites W2099222146 @default.
- W2994648982 cites W2122179798 @default.
- W2994648982 cites W2124532504 @default.
- W2994648982 cites W2136478625 @default.
- W2994648982 cites W2142635246 @default.
- W2994648982 cites W2159569891 @default.
- W2994648982 cites W2161625377 @default.
- W2994648982 cites W2235716330 @default.
- W2994648982 cites W2258033689 @default.
- W2994648982 cites W2268529514 @default.
- W2994648982 cites W2286217509 @default.
- W2994648982 cites W2314105684 @default.
- W2994648982 cites W2443681931 @default.
- W2994648982 cites W2522246765 @default.
- W2994648982 cites W2585272847 @default.
- W2994648982 cites W2588836480 @default.
- W2994648982 cites W2592858280 @default.
- W2994648982 cites W2603001146 @default.
- W2994648982 cites W2611490046 @default.
- W2994648982 cites W2685326111 @default.
- W2994648982 cites W2751651475 @default.
- W2994648982 cites W2762376752 @default.
- W2994648982 cites W2762659237 @default.
- W2994648982 cites W2805996888 @default.
- W2994648982 cites W2888680315 @default.
- W2994648982 cites W3023232918 @default.
- W2994648982 cites W3121720731 @default.
- W2994648982 cites W3123091495 @default.
- W2994648982 cites W3123164437 @default.
- W2994648982 cites W3125140669 @default.
- W2994648982 doi "https://doi.org/10.1108/ijlma-04-2018-0078" @default.
- W2994648982 hasPublicationYear "2019" @default.
- W2994648982 type Work @default.
- W2994648982 sameAs 2994648982 @default.
- W2994648982 citedByCount "14" @default.
- W2994648982 countsByYear W29946489822020 @default.
- W2994648982 countsByYear W29946489822021 @default.
- W2994648982 countsByYear W29946489822022 @default.
- W2994648982 countsByYear W29946489822023 @default.
- W2994648982 crossrefType "journal-article" @default.
- W2994648982 hasAuthorship W2994648982A5001072968 @default.
- W2994648982 hasAuthorship W2994648982A5027876394 @default.
- W2994648982 hasAuthorship W2994648982A5076476841 @default.
- W2994648982 hasAuthorship W2994648982A5081502584 @default.
- W2994648982 hasConcept C10138342 @default.
- W2994648982 hasConcept C105795698 @default.
- W2994648982 hasConcept C130731218 @default.
- W2994648982 hasConcept C144133560 @default.
- W2994648982 hasConcept C162118730 @default.
- W2994648982 hasConcept C23925645 @default.
- W2994648982 hasConcept C27574286 @default.
- W2994648982 hasConcept C33923547 @default.
- W2994648982 hasConcept C98014903 @default.
- W2994648982 hasConceptScore W2994648982C10138342 @default.
- W2994648982 hasConceptScore W2994648982C105795698 @default.
- W2994648982 hasConceptScore W2994648982C130731218 @default.
- W2994648982 hasConceptScore W2994648982C144133560 @default.
- W2994648982 hasConceptScore W2994648982C162118730 @default.
- W2994648982 hasConceptScore W2994648982C23925645 @default.
- W2994648982 hasConceptScore W2994648982C27574286 @default.
- W2994648982 hasConceptScore W2994648982C33923547 @default.
- W2994648982 hasConceptScore W2994648982C98014903 @default.
- W2994648982 hasIssue "3/4" @default.
- W2994648982 hasLocation W29946489821 @default.
- W2994648982 hasOpenAccess W2994648982 @default.
- W2994648982 hasPrimaryLocation W29946489821 @default.