Managerial Finance


Accounting and Finance

Table Of Contents: Volume 27 Issue 4

The role of cash flow information in predicting corporate failure: the state of the literature

Divesh S. Sharma

Provides a comprehensive, critical review of failure prediction with cash flow information since Beaver (1966); and tabulates the methods and cash flow variables used, and…

Description, explanation, prediction – the evolution of bankruptcy studies?

Patti Cybinski

This paper describes a number of models used in bankruptcy studies to date. They arise from two basic model designs used in studies of financial distress: cross-sectional…

Detection of financial distress via multivariate statistical analysis

S. Gamesalingam, Kuldeep Kumar

Describes the ability of modern computer‐driven multivariate statistical analysis to deal with complex data and the development of statistical models for predicting…

A study of using artificial neural networks to develop an early warning predictor for credit union financial distress with comparison to the probit model

Clarence N.W. Tan, Herlina Dihardjo

Outlines previous research on company failure prediction and discusses some of the methodological issues involved. Extends an earlier study (Tan 1997) using artificial…

Predicting return outcomes to shareholders from companies entering Chapter 11 bankruptcy

Graham Partington, Philip Russel, Max Stevenson, Violet Torbey

Reviews previous research on predicting financial distress and the effects of US Chapter 11 bankruptcy (C11B); and explains how survival analysis and Cox’s (1972…



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  • Professor Don Johnson