Using fundamental, market and macroeconomic variables to predict financial distress: A study of companies listed on the Johannesburg Stock Exchange

Using fundamental, market and macroeconomic variables to predict financial distress: A study of companies listed on the Johannesburg Stock Exchange

This study presents a three-stage approach in determining financial distress of companies listed on the Johannesburg Stock Exchange. A novel feature of the present study is that it deviates from a binary classification of corporate distress prediction to present a multinomial outcome where the model...

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Bibliographic Details
Main Authors: Sibusiso W. Sabela, Leon M. Brummer, John H. Hall, Hendrik P. Wolmarans
Format: Article
Language:English
Published: AOSIS 2018-04-01
Series:Journal of Economic and Financial Sciences
Subjects:
logistic regression analysis
financial distress
profitability and liquidity
corporate debt
Online Access:https://jefjournal.org.za/index.php/jef/article/view/168

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