文章基本信息

标题：Prediction of Financial Distress Companies in the Trading and Services Sector in Malaysia Using Macroeconomic Variables
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作者：Mohd Norfian Alifiah ; Mohd Norfian Alifiah
期刊名称：Procedia - Social and Behavioral Sciences
印刷版ISSN：1877-0428
出版年度：2014
卷号：129
页码：90-98
DOI：10.1016/j.sbspro.2014.03.652
语种：English
出版社：Elsevier
摘要：AbstractThis study attempts to predict financial distress companies in the trading and services sector in Malaysia using financial distress companies as the dependent variable and macroeconomic variables and financial ratios as the independent variables. Logit Analysis was used as the analysis procedure because financial ratios do not have to be normal if it is used. It is also suitable when the dependent variable is binary in nature. Furthermore, it can also provide the probability of a company being financially distress. In addition, it can also provide us with the sign of the independent variable(s). This study found that the independent variables that can be used to predict financial distress companies in the trading and services sector in Malaysia were debt ratio, total assets turnover ratio, working capital ratio, net income to total assets ratio and base lending rate.
关键词：Bankruptcy;Financial Distress;Macroeconomic Variables;Financial Ratios;Trading and Services Sector;Malaysia