Dynamic Evaluation of Business Distress Risk Using Hazard Model

摘要：

Using non-paired sample, this paper applies Logistic discrete-time hazard model to dynamically evaluate risk of companys business distress within the context of its industry. The results show Sigma of companys stock returns, ownership concentration, companys size and assets-liabilities ratio are significantly related to business distress risk. By comparing the distressed company group and the healthy company group, we find among them, there exit significant difference in the dynamic behavior of survival rate and hazard rate. This graph display method can be used to predict the likely time to distress.

关键词： business distress hazard model dynamic evaluation

作者: Xiao-lan Deng

作者单位: School of Management Fuzhou University Fuzhou, China

会议类型: 国际会议

会议名称: 第三届IEEE无线通讯、网络技术暨移动计算国际会议

会议地点: 上海

会议语种:英文

在线出版日期: 2007-09-21（万方平台首次上网日期，不代表论文的发表时间）