Bankruptcy Situation Model in Small Business: The Case of Restaurant Firms


Autoria(s): Huo, Yang Hwae
Data(s)

01/01/2006

Resumo

The purpose of this paper is to describe and discuss the current bankruptcy prediction models. This is done in the context of pros and cons of proposed models to determine the appropriate factors of failure phenomenon in cases involving restaurants that have filed for bankruptcy under Chapter 11. A sample of 11 restaurant companies that filed for bankruptcy between 1993 and 2003 were identified from the Form 8-K reported to the Securities and Exchange Commission (SEC). By applying financial ratios retrieved from the annual reports which contain, income statements, balance sheets, statements of cash flows, and statements of stockholders’ equity (or deficit) to the Atlman’s mode, Springate model, and Fulmer’s model. The study found that Atlman’s model for the non-manufacturing industry provided the most accurate bankruptcy predictions.

Formato

application/pdf

Identificador

http://digitalcommons.fiu.edu/hospitalityreview/vol24/iss2/5

http://digitalcommons.fiu.edu/cgi/viewcontent.cgi?article=1424&context=hospitalityreview

Publicador

FIU Digital Commons

Fonte

Hospitality Review

Palavras-Chave #Yang Huo #Food and Beverage #Food and Beverage Management #Hospitality Administration and Management
Tipo

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