ASSET GROWTH AND FIRM PERFORMANCE EVIDENCE FROM GREECE

Anastasia Maggina and Angelos Tsaklanganos

The International Journal of Business and Finance Research, 2012, vol. 6, issue 2, 113-124

Abstract: This study provides evidence drawn from publicly traded companies in Greece on the predictability of assets growth with respect to firm performance. We employ discriminant analysis and a logit specification to test our models. Results indicate that assets growth is predictable at an 85.7% rate in large companies. This rate is high compared those in other prediction studies such as bankruptcy, qualified audit reports and going-concern opinions.

Keywords: asset growth; firm performance; discriminant analysis; logit (search for similar items in EconPapers)
JEL-codes: M M41 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ibf:ijbfre:v:6:y:2012:i:2:p:113-124

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