A comparison of multivariate discriminant and logistic regression analysis in the prediction of corporate failure in South Africa

References

• Altman, EX, (1968) Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy, The Journal of Finance, September, pp. 589–609.
   Google Scholar
• Altman, E.I., Haldeman, R.G. and Narayanan, P., (1977) ZETA Analysis: A new Model to Identify Bankruptcy Risk of Corporations, Journal of Banicing and Finance, Vol. 1, No. 1, pp. 29–51.
   Google Scholar
• Amiris, N., Ashton, N. and Cohen, F., (1978) A Mullidiscriminate Approach to the Prediction of Corporate Failure in South Africa, Unpublished Business Policy Paper, University of Witwatersrand.
   Google Scholar
• Beaver, W.H., (1966) Financial Ratios as Predictors of Failure, Empirical Research in Accounting: Selected Studies, Supplement to Journal of Accounting Research, pp. 71–111.
   Google Scholar
• Beaver, W.H., (1968) Market Prices, Financial Ratios, and the Prediction of Failure, Journal of Accounting Research, Autumn.
   Google Scholar
• Blum, M., (1974) Failing Company Discriminant Analysis, Journal of Accounting Research, Spring, No. 12, pp. 1–25.
   Google Scholar
• Daya, K., (1977) Financial Ratios as Predictors of Corporate Failure in South Africa, Unpublished dissertation, University of Witwatersrand.
   Google Scholar
• Deakin, E.B., (1972) A Discriminant Analysis of Prediction of Business Failure, Journal of Accounting Research, Vol. 10, No. 1, pp. 167–179.
   Google Scholar
• Dixon, W.J., (1985) BMDP Statistical Software Manual, University of California Press, California.
   Google Scholar
• Eisenbeis, R.A., (1977) Pitfalls in the Application of Discriminant Analysis in Business, Finance and Economics, The Journal of Finance, Vol. XXXII, No. 3, June.
   Google Scholar
• Gentry, J.A., Newbold, P. and Whitford, D.T., (1985) Classifying Bankrupt Firms with Funds Flow Components, Journal of Accounting Research, Vol. 23, No. 1, pp. 146–160.
   Google Scholar
• Goodie, A.W., (1987) Forecasting Corporate Failure: the use of Discriminant Analysis within a Disaggregated Model of the Corporate Sector, Journal of the Royal Statistical Society, pp. 69–81.
   Google Scholar
• Immelman, D.A., (1980) A Multivariate Approach Employing Stock Market Returns to the Prediction of Corporate Failure, Unpublished Masters dissertation, University of Witwatersrand.
   Google Scholar
• Martin, D., (1977) Early Warnings of Bank Failure, Journal of Banking and Finance, pp. 249–267.
   Google Scholar
• Mensah, Y.M., (1984) An Examination of the Stationarity of Multivariate Bankruptcy Prediction Models: a Methodological Study, Journal of Accounting Research, Vol. 22, No. 1, Spring, pp. 380–395.
   Google Scholar
• Ohlson, J.A., (1980) Financial Ratios and the Probalistic Prediction of Bankruptcy, Journal of Accounting Research, Spring, Vol. 18, pp. 109–131.
   Google Scholar
• Strebel, P.J. and Andrews, G.S., (1977) A Simple Predictor of Corporate Failure, Fact and Opinion Paper No. 21, Graduate School of Business Administration, University of the Witwatersrand.
   Google Scholar
• Taffler, R.J., (1982) Forecasting Company Failure in the UK: using Discriminant Analysis and Financial Ratio Data, Journal of the Royal Statistical Society, Vol. 145, Part 3, pp. 342–358.
   Google Scholar
• Wilcox, J.W., (1971) A Gambler’s Ruin: Prediction of Business Failure Using Accounting Data, Sloan Management Review, Vol. 18, No. 1, pp. 1–10.
   Google Scholar
• Zavgren, C.V., (1985) Assessing the Vulnerability to Failure of American Industrial Firms: A Logistic Analysis, Journal of Business Finance and Accounting, Vol. 12, No. 1, Spring.
   Google Scholar
• Zevenbergen, A.P., (1981) Finansiële Verhoudingsgetalle en die Voor-spelling van Finansiële Mislukking by Nywerheidsondernemings in die Republiek van Suid-Afrika, Report E. 1., Pretoria.
   Google Scholar
• Zevenbergen, A.P., (1984) Manual for Users of the BFA Ratio Service, Report A.5E (R), University of Pretoria.
   Google Scholar