| Summary: | 碩士 === 朝陽科技大學 === 財務金融系碩士班 === 97 === In the present study, we set up the financial distress model. The sample consists of 20 listed, over-the-counter and emerging patterns companies with financial distress and 40 counterpart firms during 2004 to 2007.
First of all, the factor analysis is employed to extract factors (dimensions). Moreover, we adopt the discriminant analysis to determine the accuracy. The empirical findings are as follows: (1) The accuracy would be 87.5% for the listed companies in terms of four factors (profitability, solvency, liquidity and financial structure). (2) The accuracy would be 75% for the over-the-counter companies in terms of profitability and solvency. (3) The accuracy in terms of one of the factors (financial structure) would be going to 71.7% for the emerging companies. The diminishing accuracy echoes the previous study.
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