This paper attempts to construct an efficient evaluation for a shipping industry with financial indicators, because sometimes non-financial indicators are difficult to obtain and are doubtful or untrustworthy. So financial indicators are an important method to evaluate performance. A financial statement is audited by CPA and it is easy to gather, so we do not doubt its trustworthiness. The main...

Abstract This study attempts to predict high growth firm (HGF) status with financial ratios. Measures related the firm’s effectiveness in using assets generate profits, EBITDA margin, debt ratio, equity-to-debt ratio and return on are associated HGF status. While ratios improve prediction, prediction remains modest (AUC = 0.627). suggests it is difficult assume a very good forecast from only ra...

The present study adds to our understanding and knowledge of financial distress predictions regarding the usefulness of financial ratios in the late stages of the financial distress process. The study contributes to previous research by generating information concerning: (1) the behavior and usefulness of single financial ratios in short-term financial distress prediction when the effect of eac...

This paper investigates the characteristics of firms that adopt persistent conservative financial policies. We are mainly interested in the determinants of the likelihood of firms adopting the persistent policies of low-leverage and high-cash holdings simultaneously. In this paper, we classify firms as financially conservative if they adopt both low-leverage and high-cash policies at the same t...

This paper offers a new mathematical formulation that addresses the relationship between expected price-to-book ratio, dividend per share, dividend payout ratio, systematic and unsystematic risks. The sample includes the non-financial firms in the DJIA covering the period 1997-2006. The general results show that the expected price-to-book ratios are: (a) positively associated with the expected ...

Along with the unstable national and global economic conditions, investors consumers defend themselves to invest in property sector. Companies go public obtaining capital markets as a means obtain sources of funds. Investors creditors will see financial condition required before company increase distress (financial distress) or not investing their capital. Therefore, analysis prediction company...

Managers can use models for predicting business failures to assess an organization’s success or distress. Hundreds of such models have been constructed over last forty-five years. Altman’s (1968) paper is the oldest and Bhandari and Iyer‘s (2013) paper, here after Bhandari (2013) is the most recent. Although both used discriminant analysis technique on matched sample of failed and non-failed fi...