碩士 / 正修科技大學 / 經營管理研究所 / 95 / Corporate financial distress has been an important issue for financial field. Previous articles generally used financial ratios as independent variables to predict corporate financial distress. In recent years, researchers have started to add corporate governance measures as independent variables. However, the corporate governance measures used in these researches are complicate and subjective. This study uses a simple and objective corporate governance measures to examine whether the inclusion of corporate governance measure in a logistic regression prediction model would provide better results than that based on traditional financial ratios alone. The samples of this research are selected from the M.O.P.S (market observation post system) database from Jan 1, 2004 to Dec 31, 2005. The samples have 66 companies including 44 normal companies and 22 financial distress companies. The result of empirical analysis showed that 86.4% of the observations were classified correctly in the model based on traditional financial ratios alone. And the correct rate of classification increased to 93.9% in the model incorporating the corporate governance measure and traditional financial ratios.
| Identifer | oai:union.ndltd.org:TW/095CSU00457001 |
| Date | January 2007 |
| Creators | Chen, Kun-ho, 陳琨和 |
| Contributors | 陳信宏 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 63 |
Page generated in 0.014 seconds