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The Accounting Review Vol. 58 No. 2 1983

The Differential Bankruptcy Predictive Ability of Specific Price Level Adjustments: Some Empirical Evidence.

Yaw M. Mensah

Assistant Professor of Accounting, Indiana University 1

Abstract

This paper evaluates the usefulness of specific price-level adjusted (SPL) data for bankruptcy prediction using data from the 'seventies. Bankruptcy prediction models are derived from a matched-pair sample using multiple discriminant analysis and logit analysis and are tested on a holdout sample from a later period. The findings indicate that SPL data do not greatly improve bankruptcy prediction.

DOI
10.2308/tar-4482675
Volume
58
Issue
2
Pages
228-246
Language
en
Sources
openalex crossref

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