dc.contributor.author |
Van der Colff, Francois
|
|
dc.contributor.author |
Vermaak, Frans N.S.
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|
dc.date.accessioned |
2015-08-14T08:35:25Z |
|
dc.date.available |
2015-08-14T08:35:25Z |
|
dc.date.issued |
2015-04 |
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dc.description.abstract |
This study attempts to clarify whether using a hybrid model based on non-financial variables and financial variables is able to provide a more accurate company financial distress prediction model than using a model based on financial variables only. The relationship between the model test results and the De la Rey K-Score for the subject companies is tested, employing Cramer’s V statistical test. A movement towards a Cramer’s V value of one indicates a strengthening relationship, and a movement towards zero is an indication of a weakening relationship. Against this background, further empirical research is proposed to prove that a model combining financial variables with true non-financial variables provides a more accurate company distress prediction than a financial variable-only model. The limited evidence of a strengthening relationship found is insufficient to establish the superiority of the proposed model beyond reasonable doubt. |
en_ZA |
dc.description.librarian |
am2015 |
en_ZA |
dc.description.uri |
http://reference.sabinet.co.za/sa_epublication/jefs |
en_ZA |
dc.identifier.citation |
Van der Colff, F & Vermaak, F 2015, 'Predicting financial distress using financial and non-financial variables', Journal of Economic and Financial Sciences, vol. 8, no. 1, pp. 243-260. |
en_ZA |
dc.identifier.issn |
1995-7076 |
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dc.identifier.uri |
http://hdl.handle.net/2263/49320 |
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dc.language.iso |
en |
en_ZA |
dc.publisher |
University of Johannesburg, Faculty of Economic and Financial Sciences |
en_ZA |
dc.rights |
University of Johannesburg, Faculty of Economic and Financial Sciences |
en_ZA |
dc.subject |
Financial distress prediction |
en_ZA |
dc.subject |
Non-financial variables |
en_ZA |
dc.subject |
Financial distress continuum |
en_ZA |
dc.subject |
Neural networks |
en_ZA |
dc.title |
Predicting financial distress using financial and non-financial variables |
en_ZA |
dc.type |
Article |
en_ZA |