Enhancing procedural efficiency in multiple-industry ratio-based modeling of corporate collapse

Hossari, Ghassan 2010, Enhancing procedural efficiency in multiple-industry ratio-based modeling of corporate collapse, International review of business research papers, vol. 6, no. 1, pp. 99-107.

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Title Enhancing procedural efficiency in multiple-industry ratio-based modeling of corporate collapse
Author(s) Hossari, Ghassan
Journal name International review of business research papers
Volume number 6
Issue number 1
Start page 99
End page 107
Total pages 9
Publisher World Business Institute
Place of publication Melbourne, Vic.
Publication date 2010-02
ISSN 1837-5685
1832-9543
Summary This paper utilizes a methodological approach called Multi-Level Modeling (MLM) that addresses two major shortcomings in the two step analytic process that is traditionally adopted in the pertinent literature for modeling corporate collapse; thereby, enhancing procedural efficiency. The robustness of MLM vis-à-vis the traditional two-step procedure is ascertained using a data sample of Australian
publicly listed companies, equally split between collapsed and non collapsed, during the period 1989 to 2006. The results indicate that not only does MLM improve procedural efficiency, it does so while
enhancing the robustness of signaling corporate collapse; in particular, MLM signals collapse with an overall 6.6% increase in accuracy.
Language eng
Field of Research 150103 Financial Accounting
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category C1 Refereed article in a scholarly journal
HERDC collection year 2010
Persistent URL http://hdl.handle.net/10536/DRO/DU:30030356

Document type: Journal Article
Collections: Faculty of Business and Law
Deakin Graduate School of Business
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