THE IMPLICATIONS OF DISTRESS PREDICTION MODELS FOR CORPORATE LENDING
作者:
Greg Whittred,
Ian Zimmer,
期刊:
Accounting&Finance
(WILEY Available online 1985)
卷期:
Volume 25,
issue 1
页码: 1-13
ISSN:0810-5391
年代: 1985
DOI:10.1111/j.1467-629X.1985.tb00064.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
Abstract:Three literatures on financial distress prediction are reviewed and evaluated in terms of their usefulness in credit analysis. These are (1) bankruptcy prediction models initiated by Altman, (2) behavioural studies of the ability of loan officers and others to make accurate predictions of bankruptcy and (3) attempts to simulate loan officers' judgements. It is concluded that techniques based on judgement simulation are likely to be the most effective decision aids.
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