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Hensher et al., 2007 - Google Patents

An error component logit analysis of corporate bankruptcy and insolvency risk in Australia

Hensher et al., 2007

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Document ID
18045705218017002847
Author
Hensher D
Jones S
Greene W
Publication year
Publication venue
Economic Record

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Snippet

This paper introduces a four‐state failure model to depict a wider range of distress scenarios that public companies typically face in the real world. We use a multinomial error component logit model to analyse firm failure, a major advance on the modelling techniques used in …
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