Absence of industry effect in modelling corporate collapse in Australia
Data(s) |
01/03/2009
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Resumo |
This paper investigates whether or not an industry effect is present when modelling corporate collapse in Australia. The investigation is motivated by a lack of consistency in the literature regarding such an effect. Moreover, this paper makes a unique contribution by applying an innovative methodological approach, called Multi-Level Modelling (MLM), for model derivation. Unlike the traditional two-step methodology used so far in the literature, MLM carries out model derivation and tests for an industry effect in a single step. Finally, the effectiveness of MLM is demonstrated using a sample of Australian publicly listed companies during the period 1989 to 2005; empirical results point to the absence of an industry effect.<br /> |
Identificador | |
Idioma(s) |
eng |
Publicador |
World Business Institute |
Relação |
http://dro.deakin.edu.au/eserv/DU:30021286/hossari-absenceofindustry-2009.pdf http://wbiaus.org/ |
Palavras-Chave | #finance |
Tipo |
Journal Article |