The predictability of financial data on post-entry success or failure before and during the recent crisis

dc.contributorUniversitat de Lleida. Departament d'Administració d'Empreses
dc.contributor.authorTong, Yehui
dc.contributor.authorSaladrigues Solé, Ramon
dc.date.accessioned2019-12-09T13:03:46Z
dc.date.available2019-12-09T13:03:46Z
dc.date.issued2016
dc.description.abstractThis paper does research on the predictability of seven financial factors and one nonfinancial factor on the success or failure of entrants. It enriches the empirical study of the literature of predicting business success or failure and post-entry performance. Particularly chosen are the firms incorporated in 2000, 2001, 2008 and 2009 in manufacturing and distributive industries. Logistic model is used for analysis and comparison of the changes of the predictability in three dimensions: year after year versus just the first year, manufacturing versus distributive industries, and before versus during the recent crisis. The results show instability in the predictability of some financial factors especially in the year after year analysis. However, positive effects of firm size, profitability and corporate group on success are observed; besides, asset liquidity plays a more significant role in manufacturing industries. The predictability of liability-related factors seem to be particularly influenced by the crisis: in the year after year analysis, when stepping into the crisis the predictability of indebtedness is not as strong as it is in the pre-crisis period and the predictability of liability liquidity weakens more in manufacturing industries compared to distributive industries.ca_ES
dc.identifier.dlL.427-2009
dc.identifier.issn2013-4916
dc.identifier.urihttp://hdl.handle.net/10459.1/67683
dc.language.isoengca_ES
dc.publisherEdicions de la Universitat de Lleidaca_ES
dc.relation.isformatofReproducció del document publicat a http://www.aegern.udl.cat/ca/recerca/working-papers/ca_ES
dc.relation.ispartofNew trends in accounting and management, 2016, núm. 12, p. 1-58ca_ES
dc.rights(c) Edicions de la Universitat de Lleida, 2016ca_ES
dc.rights(c) AEGERN (UdL), 2016ca_ES
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessca_ES
dc.subjectPost-entry successca_ES
dc.subjectPredictabilityca_ES
dc.subjectChangesca_ES
dc.subjectManufacturing industriesca_ES
dc.subjectDistributive industriesca_ES
dc.subjectCrisisca_ES
dc.titleThe predictability of financial data on post-entry success or failure before and during the recent crisisca_ES
dc.typeinfo:eu-repo/semantics/workingPaperca_ES
dc.type.versioninfo:eu-repo/semantics/publishedVersionca_ES
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