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References (6)
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M. Olsen, Carl Bellas, Lynn Kish (1983)
Improving the prediction of restaurant failure through ratio analysisInternational Journal of Hospitality Management, 2
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James Blum, B. Lev (1974)
Financial Statement Analysis: A New Approach -
Author Taffler, R. Taffler (1982)
Forecasting Company Failure in the Uk Using Discriminant Analysis and Financial Ratio Data, 145
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R. Flavell (1988)
Predicting corporate collapse: A. Bathory (Financial Times Business Information, 1984) pp. 159, [UK pound]65, $110International Journal of Forecasting, 4
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E. Altman (1971)
Corporate bankruptcy in America -
E. Altman (1968)
FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCYJournal of Finance, 23
- Publisher
- Emerald Publishing
- Copyright
- Copyright © Emerald Group Publishing Limited
- ISSN
- 0959-6119
- DOI
- 10.1108/EUM0000000001681
- Publisher site
- See Article on Publisher Site
Abstract
During periods of recession or rapid expansion the need to monitorclosely the performance of a business is essential and there arefinancial techniques available to do this. One such method, MultiDiscriminant Analysis, has received considerable attention in accountingcircles where opinions differ regarding its success. In this analysiseight companies from the leisure sector have been selected specificallyto demonstrate varying levels of success. Financial data taken from thepublished accounts are then analysed using two widely recognised models.This preliminary research provides evidence that this technique has thepotential for predicting failure in the leisure sector. Further researchis now required to determine the effective lead time for suchpredictions and eventually to provide a model specifically for theservice industries.
Journal
International Journal of Contemporary Hospitality Management – Emerald Publishing
Published: Apr 1, 1991