Early Warning Indicators of Corporate Failure

Book excerpt: Surveys the literature on corporate bankruptcy and examines the validity of claims for procedures and models that can predict a firm's failure or success, looking at empirical evidence gathered from different sources. Part I outlines normative theories, univariate and multivariate models, early warning studies, and case study research, and discusses financial and non-financial ratio indicators. Part II reports the results of empirical studies, with short case histories. An executive summary reviews each chapter. For academics and especially practitioners. Annotation copyrighted by Book News, Inc., Portland, OR