Modelling corporate collapse: definitional issues of the collapse event

Hossari, Ghassan 2007, Modelling corporate collapse: definitional issues of the collapse event, Journal of applied management accounting research, vol. 3, no. 2, Summer, pp. 75-84.

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Title Modelling corporate collapse: definitional issues of the collapse event
Author(s) Hossari, Ghassan
Journal name Journal of applied management accounting research
Volume number 3
Issue number 2
Season Summer
Start page 75
End page 84
Publisher Institute of Certified Management Accountants
Place of publication Clayton North, Vic.
Publication date 2007
ISSN 1443-9905
1443-9913
Keyword(s) corporate collapse
financial interpretation
legal interpretation
bankruptcy prediction
Summary This paper investigates problems associated with interpretations of corporate collapse, and argues for a unified legal, rather than financial, definition of the event. In the absence of a formal definition of the event of corporate collapse, the integrity of sample selection becomes questionable; moreover, comparisons between empirical studies becomes less useful, if not altogether futile, due to the lack of a common ground in the basic building block. Upon close examination of 84 studies on ratio-based modeling of corporate collapse, between 1968 and 2004, this paper finds evidence in favor of a legal interpretation of the event of corporate collapse. Specifically, studies that adopted a legal definition are five times as many as those that opted for a financial explanation.
Language eng
Field of Research 150105 Management Accounting
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2007, Institute of Certified Management Accountants
Persistent URL http://hdl.handle.net/10536/DRO/DU:30007505

Document type: Journal Article
Collection: Deakin Graduate School of Business
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