Hui Hu

Predicting Corporate Financial Distress

Evidence from Chinese Growth Enterprises

• Broschiertes Buch

Produktbeschreibung

This book presents a study which makes the first attempt to construct a particular financial distress prediction model for growth enterprises on the Growth Enterprise Markets in Hong Kong and mainland China. This study firstly establishes two financial distress prediction models: one incorporating financial factors and the other incorporating non-financial and macroeconomic factors. Based on these two models, the present work develops a financial distress prediction model, which uses all the three sets of factors. It has been found that the model including firm-specific non-financial and macroeconomic factors performs better in predicting growth enterprises financial distress than does the model including firm-specific financial factors. Moreover, the model that considers all the three sets of factors has better predictive ability than does the model that incorporates firm-specific financial factors. It can be envisaged that investors, auditors and policymakers of the special markets would find the conclusion of this work extremely useful.

Produktdetails

• Verlag: LAP Lambert Academic Publishing
• Seitenzahl: 348
• Englisch
• Abmessung: 220mm x 150mm x 18mm
• Gewicht: 478g
• ISBN-13: 9783659337819
• ISBN-10: 3659337811
• Artikelnr.: 37250355

Autorenporträt

Hui Hu is an Associate Professor at the Economics and Management School, Wuhan University, China. He received his master s degree in economics from the Australian National University and his doctoral degree in business administration from the University of Canberra. His research is related to corporate governance and financial management.