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Bankruptcy Prediction: Theoretical Framework Proposal

descriptionPublicationkeyboard_double_arrow_right Article 31 Aug 2012 English Publisher:Zenodo

Authors: Thian Cheng Lim; Lim Xiu Yun, Jessica;

doi: 10.5281/zenodo.3386761 , 10.5281/zenodo.3386762

Bankruptcy Prediction: Theoretical Framework Proposal

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Abstract

Abstract: Bankruptcy prediction studies lack a strong theoretical framework but were driven by empirical testing and exploration of new econometric models to identify potential bankrupt firms. This paper examines this phenomenon by reviewing existing literatures and proposed a theoretical framework to govern the direction and future development of this area of finance. Liquidity, Profitability and Wealth Theory, Cash Flow Theory, Merton Model, &Gambler’s Ruin Theory were investigated. Liquidity, Profitability and Wealth theory was discovered to be most popular.

Related Organizations

Xi’an Jiaotong-Liverpool University
China (People's Republic of)
National University of Singapore
Singapore

Keywords

: Bankruptcy prediction,

Impact byBIP!

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