1. ANÁLISIS DEL FRACASO EMPRESARIAL POR SECTORES: FACTORES DIFERENCIADORES.
- Author
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Mures Quintana, Ma Jesús, García Gallego, Ana, and Vallejo Pascual, Ma Eva
- Subjects
- *
BUSINESS failures , *PREDICTION theory , *STOCHASTIC processes , *MATHEMATICAL variables , *DISCRIMINANT analysis , *MACROECONOMICS - Abstract
This paper focuses on a cross-industry analysis of business failure, in order to identify the explanatory and predictor factors of this event that are different in three of the main industries in every economy: manufacturing, building and service. For each one of these industries, the same procedure is followed. First, a principal components analysis is applied in order to identify the explanatory factors of business failure in the three industries. Next, these factors are considered as independent variables in a discriminant analysis, so as to predict the firms' failure, using not only financial information expressed by ratios, but also other non-financial variables related to the firms, as well as external information that reflects macroeconomic conditions under which they develop their activity. [ABSTRACT FROM AUTHOR]
- Published
- 2012
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