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Suggested Model for Explaining Financial Distress in Egypt: Toward a Comprehensive Model

Abstract

This chapter aims at examining financial distress issue by designing a comprehensive model to explain and predict financial distress in Egypt. This comprehensive model incorporates accounting ratios, market-based ratios and macroeconomic ratios. The sample of the existing research includes all the listed firms in two main sectors: basic resources and chemicals. Using logistic regression model, the results showed that adding market ratios and macroeconomic ratios enhances the predictability of the model and accounting information are not sufficient to explain financial distress.

Keywords

Citation

Mohamed, S.S. (2020), "Suggested Model for Explaining Financial Distress in Egypt: Toward a Comprehensive Model", Biswas, R. and Michaelides, M. (Ed.) Financial Issues in Emerging Economies: Special Issue Including Selected Papers from II International Conference on Economics and Finance, 2019, Bengaluru, India (Research in Finance, Vol. 36), Emerald Publishing Limited, Bingley, pp. 99-122. https://doi.org/10.1108/S0196-382120200000036005

Publisher

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Emerald Publishing Limited

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