In this paper a brute force logistic regression (LR) modeling approach is proposed and used to develop predictive credit scoring model for corporate entities. The modeling is based on 5 years of data from end-of-year financial statements of Serbian corporate entities, as well as, default event data. To the best of our knowledge, so far no relevant research about predictive power of financial ra...

Business expansions along with number of new companies being engaged in variety of industries aimed at getting bigger market share, underscored the role of corporate governance within the financial sphere. One of the important issues in corporate governance is acquisition. Due to the significant impact of companies in refining and petrochemical sectors on capital market and whole economy, their...

This dissertation examines debt ratios, profitability, and commercial activity of the following hospitals: (i) for-profit hospitals [FP hospitals], (ii) nonprofit hospitals engaging in joint ventures [JV NP hospitals], and (iii) nonprofit hospitals that do not engage in joint ventures [Non-JV NP hospitals]. Financial variables are measured using Form 990 tax return data of nonprofit hospitals a...

This paper investigates the link between the optimal level of non-financial firms’ liquid assets and uncertainty. We develop a partial equilibrium model of precautionary demand for liquid assets showing that firms alter their liquidity ratio in response to changes in either macroeconomic or idiosyncratic uncertainty. We test this hypothesis using a panel of non-financial US firms drawn from the...

This study was conducted to predict the effect of financial ratios on Financial Sustainability Ratio (FSR). The used include Non-Performing Loan (NPL), Deposit (LDR), Net Interest Margin (NIM), Return Assets (ROA), Capital Adequacy (CAR), and Operating Expenses Income (BOPO). Sampling using purposive sampling as many 36 Conventional Commercial Bank companies in Indonesia with a research period ...