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Developing A Multi Discriminant Analysis Model As A Tool To Predict Insolvency Of Property Development Firms In Malaysia

Ismail, Maziah and Fredy, Andereas Goentoro (1997) Developing A Multi Discriminant Analysis Model As A Tool To Predict Insolvency Of Property Development Firms In Malaysia. Buletin Geoinformasi, 1 (2). pp. 45-52. ISSN 1394-7702

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Abstract

Since the last three decades, statistical techniques such as Multiple Discriminant Analysis (MDA) have been used by researchers to predict corporate failures (Altman: 1992). However, to date these techniques have not been tested on property related financial racios comcerning loans undertaken by property development firms. Hence, this paper seeks to uncover the possibilities of applying the modified MDA based model to measure the level of probable fianncial crisis. In this paper, the discussion is focused on the proposed model which is designed to attempt to discriminate between the sample of bankrupt property development firms and a matched sample of healthy property development firms.

Item Type:Article
Uncontrolled Keywords:Property development firms, financial crisis, insolvency and financial ratios
Subjects:H Social Sciences > H Social Sciences (General)
Divisions:Geoinformation Science And Engineering (Formerly known)
ID Code:4958
Deposited By: En. Tajul Ariffin Musa
Deposited On:16 Jan 2008 06:49
Last Modified:01 Jun 2010 03:22

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