Determinants and Predictive Powers of Bankruptcy Models for Firms in Korea and the U.S.
Using a cross-section data set of manufacturing firms in Korea and the U.S., this paper explores the most significant factors that determine firm default during the periods of 1991-2001 and 1991-2003, respectively. Based on the findings, a probit default model is constructed to perform better than t...
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| Format: | Article |
| Language: | English |
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People & Global Business Association (P&GBA)
2016-12-01
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| Series: | Global Business and Finance Review |
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| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20161214162010-SKC53.pdf |