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An Examination of the Stationarity of Multivariate Bankruptcy Prediction Models: A Methodological Study

An Examination of the Stationarity of Multivariate Bankruptcy Prediction Models: A Methodological Study

Journal of Accounting Research, 1984
Abstract
... Ratios that should be helpful in predicting bankruptcy in this context are those relating to Interest Coverage, Receivables Intensiveness, Liquidity, and Long-Term Lever-age. (iii) Business cycle (recession/expansion phases). ...

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