How quickly is temporary market inefficiency removed?
In: The quarterly review of economics and finance, Band 49, Heft 3, S. 917-930
ISSN: 1062-9769
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In: The quarterly review of economics and finance, Band 49, Heft 3, S. 917-930
ISSN: 1062-9769
In: The Chinese economy: translations and studies, Band 48, Heft 6, S. 449-467
ISSN: 1558-0954
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Working paper
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Working paper
In: Journal of Asia Pacific business, Band 8, Heft 1, S. 51-60
ISSN: 1528-6940
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In: Review of Pacific Basin Financial Markets and Policies, Band 9, Heft 2, S. 317-336
ISSN: 1793-6705
We use four alternative prediction models to examine the usefulness of financial ratios in predicting business failure in China. China has unique legislation regarding business failure so it is an interesting laboratory for such a study. Earnings Before Interest and Tax to Total Assets (EBITTA), Earning Per Share (EPS), Total Debt to Total Assets (TDTA), Price to Book (PB), and the Current Ratio (CR), are shown to be significant predictors. Prediction accuracy achieves a range from 78% to 93%. Logit and Neural Network models are shown to be the optimal prediction models.
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In: Financial Analysts Journal, Forthcoming
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