Testing Corporate Model Prediction Accuracy

Murray Nash, Michael Anstis and Michael Bradbury
Additional contact information
Murray Nash: New Zealand Treasury.
Michael Anstis: Department of Economics, University of Auckland.
Michael Bradbury: Department of Economics, University of Auckland.

Australian Journal of Management, 1989, vol. 14, issue 2, 211-221

Abstract: This paper investigates the predictive accuracies of corporate failure models. We find, through the elimination of biases found in these models, that the success rates for the placing of corporations into their correct categories are overstated. The paper confirms the view that the use of predictive corporate distress models should not be the sole criterion for making a lending decision.

Keywords: CORPORATE FAILURE MODELS; PREDICTIVE ACCURACY; APPRAISAL TECHNIQUES (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:14:y:1989:i:2:p:211-221

DOI: 10.1177/031289628901400205

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