Financial Ratios, Size, Industry and Interest Rate Issues in Company Failure: An Extended Multidimensional Scaling Analysis

Mar Molinero, Cecilio and Neophytou, Evi (2005) Financial Ratios, Size, Industry and Interest Rate Issues in Company Failure: An Extended Multidimensional Scaling Analysis. Working paper. kbs (Full text available)

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Abstract

Three-way multidimensional scaling methods are used to study the differences between UK failed and continuing companies from 1993 to 2001. The technique allows for visual representations of the results, so that qualitative information can be brought to bear when judging the health of a company. It is shown that it is important to take into account company size and area of activity. Results also suggest that the ratio structure of the companies varies between years in response to changes in the interest rates, suggesting that the frontier between failing and continuing firms moves in response to the economic cycle.

Item Type: Monograph (Working paper)
Additional information: ISSN 1748-7595 (Online) Working Paper No. 100
Subjects: H Social Sciences
Divisions: Faculties > Social Sciences > Kent Business School
Depositing User: C. Mar-Molinero
Date Deposited: 27 Oct 2008 21:14
Last Modified: 30 May 2014 10:41
Resource URI: http://kar.kent.ac.uk/id/eprint/9559 (The current URI for this page, for reference purposes)
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