文章基本信息

标题：The Estimation of the Going Concern Ability of Quoted Companies, Using Duration Models
本地全文：下载
作者：Ioan-Bogdan Robu ; Ioan-Bogdan Robu ; Christiana Brigitte Balan 等
期刊名称：Procedia - Social and Behavioral Sciences
印刷版ISSN：1877-0428
出版年度：2012
卷号：62
页码：876-880
DOI：10.1016/j.sbspro.2012.09.147
语种：English
出版社：Elsevier
摘要：AbstractThe objective of this paper is to estimate the survival time of the companies, that is, the going concern ability of the companies to continue their activity, within a predictable time horizon, without becoming insolvent or bankrupt. The going concern ability is expressed through the survival time to insolvency/bankruptcy. In the study, we use duration models (the Kaplan-Meier estimator) to assess the general status of the company and to signal its financial difficulty, by the combined effect of the economic and financial indicators (the financial leverage and the general solvency ratio). The analysis is detailed by activity field and structural ratios. The results of the study show that the activity field (industry, commerce, services) and the level of the structural ratios of the balance assets and liabilities (normal/high) influence the survival time of the companies quoted in the Bucharest Stock Exchange in the period 2004-2008.
关键词：Going concern;Financial leveragle;General solvency ratio;Duration models