Advanced Search
MyIDEAS: Login to save this article or follow this journal

Prediction Of Financial Distress By Multivariate Statistical Analysis: The Case Of Firms Taken Into The Surveillance Market In The Istanbul Stock Exchange

Contents:

Author Info

  • SERPIL CANBAŞ

    ()
    (Department of Management, Faculty of Economics and Administrative Sciences, Çukurova University, Balcalι, Adana, Turkey)

  • YILDIRIM B. ÖNAL

    ()
    (Department of Management, Faculty of Economics and Administrative Sciences, Çukurova University, Balcalι, Adana, Turkey)

  • HATICE G. DÜZAKIN

    ()
    (Department of Management, Faculty of Economics and Administrative Sciences, Çukurova University, Balcalι, Adana, Turkey)

  • SÜLEYMAN B. KILIÇ

    ()
    (Department of Management, Faculty of Economics and Administrative Sciences, Çukurova University, Balcalι, Adana, Turkey)

Registered author(s):

    Abstract

    The purpose of this paper is to investigate whether or not firms that are taken into the surveillance market in Istanbul Stock Exchange are experiencing financial distress. The surveillance firms present irregular behaviors and have difficulty complying with current regulation. It can be expected that the basic reason behind these irregular behaviors is financial distress. Results of the study support this expectation and show that it is possible to predict financial distress one year in advance. Principal component analysis and discriminant analysis are combined in order to estimate an integrated early warning model for financial distress prediction.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.worldscinet.com/cgi-bin/details.cgi?type=pdf&id=pii:S0219024906003470
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: http://www.worldscinet.com/cgi-bin/details.cgi?type=html&id=pii:S0219024906003470
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal International Journal of Theoretical and Applied Finance.

    Volume (Year): 09 (2006)
    Issue (Month): 01 ()
    Pages: 133-150

    as in new window
    Handle: RePEc:wsi:ijtafx:v:09:y:2006:i:01:p:133-150

    Contact details of provider:
    Web page: http://www.worldscinet.com/ijtaf/ijtaf.shtml

    Order Information:
    Email:

    Related research

    Keywords: Surveillance firms; financial distress; principal component analysis; discriminant analysis;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:wsi:ijtafx:v:09:y:2006:i:01:p:133-150. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tai Tone Lim).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.