English, Article edition: Financial Distress Prediction in China Jianguo Chen; Ben R. Marshall; Jenny Zhang; ...

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Financial Distress Prediction in China
Author
  • Jianguo Chen
  • Ben R. Marshall
  • Jenny Zhang
  • Siva Ganesh
Physical Description
  • article
Notes
  • We use four alternative prediction models to examine the usefulness of financial ratios in predicting business failure in China. China has unique legislation regarding business failure so it is an interesting laboratory for such a study. Earnings Before Interest and Tax to Total Assets (EBITTA), Earning Per Share (EPS), Total Debt to Total Assets (TDTA), Price to Book (PB), and the Current Ratio (CR), are shown to be significant predictors. Prediction accuracy achieves a range from 78% to 93%. Logit and Neural Network models are shown to be the optimal prediction models.
  • Financial insolvency, prediction, Chinese market, financial ratios, JEL Classification: G330, JEL Classification: G150
  • RePEc:wsi:rpbfmp:v:09:y:2006:i:02:p:317-336
Language
  • English
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