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The usefulness of share prices and inflation for corporate failure prediction
Journal of Economics and Business - SPOUDAI
View Archive Info| Field | Value | |
| Title |
The usefulness of share prices and inflation for corporate failure prediction
The usefulness of share prices and inflation for corporate failure prediction |
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| Creator |
Διακογιάννης, Γιώργος Π.
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| Subject |
Τιμές αξιών; Πληθωρισμός; Μακροοικονομία
Price of securities; Inflation; Macroeconomics |
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| Description |
The present paper critically appreciates the usefulness of share prices for corporate failure prediction and suggests utilising macro-economic variables such as inflation to improve the predictive ability of existing models. The results indicate that the predictive ability of share price prediction models improves when adjusted for inflation, in addition, an assessment of the usefulness of the model derived through this research when inflation is omitted shows that only 50% of companies can be predicted as likely to fail more thn four quarters prior to the actual event. |
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| Publisher |
University of Piraeus
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| Date |
1996-07-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://spoudai.unipi.gr/index.php/spoudai/article/view/1058
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| Source |
SPOUDAI - Journal of Economics and Business; Vol 46, No 3-4 (1996)
2241-424X 1105-8919 |
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| Language |
eng
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| Relation |
http://spoudai.unipi.gr/index.php/spoudai/article/view/1058/1137
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| Rights |
Copyright (c) 1996 SPOUDAI - Journal of Economics and Business
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