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Year 2014, Volume: 1 Issue: 4, 0 - 0, 16.10.2015

Abstract

References

  • Bakhshani, Safiey (2013). Bankruptcy Prediction of Companies Listed in tehran Stock Exchange Using Proportional Hazard Regression (Cox ),Interdisciplinary Journal of Contemporary research in business , Vol 5,No2. PP:327-340
  • Balcaene,S & Ooghe , H (2004). 35 years of studies on business Failure: an overview of the classic statistical methodologies and their related problems , Vlerick leuven gent , No 16.PP:3-70
  • Dakovic , R & Czado , c & Berg , D ( 2007 ), Bankruptcy Prediction in Norway a Comparison Study . Statistical Research Report , NO 4 .-Douglas .A et all (1989); statistics with confidence ,translated by : Roudbari M;Saneii .S(2005); Andishmand publishing;vol 1.PP:3-16.PP:
  • Geep , A & Kumar , k. (2008) . The Role of survival Analysis in Financial Distress prediction ,International Research journal of finance and Economics. PP:13-34.
  • Hajizadeh .E & Asghari . M (2011). Statistical Methods and Analyses In Health and Biosciences ; Iranian Student Book Agancy .
  • Kheri.S ; Faghihzade.S ; Meshkani.M.R;Mahmudi.M;Babaei.G.H (2003).A comparison of cox and frailty models in presence of unknown risk factors;Journal of Research in medical sciences.8(2).PP:23-28.
  • Li , Z et all .(2006) Failure event Predication using the Cox Proportional hazard model driven by Frequent Failure Signatures؛IIE Transition , Vol 39 , No3.PP:303-315.
  • Madhooshi.M؛Asgharnejad.M(2010). Measuring Intellectual Capital and Investigate the Association Between the Intellectual Capital and Financial Returns of Companies; Journal of The Accounting And Auditing Review,Vol 16,No 4.PP:10-116.
  • Namazi.M؛Ebrahimi.sh (2012).Investigating the impact of the components of intellectual capital on the firm's financial performance؛Journal of Accounting Advances (JAA) Vol 3 , No 2.PP:163-197.
  • Rezaei.F؛Piri.A؛Nili.V(2013).Influence of intellectual capital on firm's market value in defferent life-cycle stages؛Journal of development & evolution management,Vol5,No13.PP:19-28.
  • Shum Way , T (2001) . Forecasting Bankrupt more Accuratly : Asimple Hazard model,The journal of business،Vol 74،No 1.PP:101-123.
  • Shyug Lee,Tian(2004). Incorporating Financial Ratios and Intellectual Capital in Bankruptcy Predictions, Available Online http: www.researchgate.net/.../237806102_Incorporating_Financial.PP:1-25.
  • Sveiby.k (2001). Methods for Measuring Intangible Assets. Available Online http://www.sveiby.com.au/ BookContents.html.
  • Tan, Hong Pew, David Plowman and Phil Hancock(2007). Intellectual Capital and Financial Returns of Companies, The Graduate School of Management, University of Western Australia, Crawley, Australia , The Current Issue and Full Text Archive of this Journal is, Journal of Intellectual Capital 8(1(.PP:76-95.

STUDYING THE IMPACT OF INTELLECTUAL CAPITAL AND VALUE ADDED ON PREDICTING BANKRUPTCY USING SURVIVAL ANALYSIS

Year 2014, Volume: 1 Issue: 4, 0 - 0, 16.10.2015

Abstract

Intellectual capital is the assets that are not usually included in balance sheets. Nowadays, intellectual capital is the core of competence of companies and it gains attentions increasingly. This article mainly aims at predicting bankruptcy using survival analysis and examining the relationship between intellectual capital components, value added and risk of bankruptcy. The population under study includes the food and drink industrial companies listed on Tehran Stock Exchange.

The present research uses survival analysis (life table and proportional hazard regression)  to predict bankruptcy. Bankruptcy prediction using survival analysis was accurate in 81.3% of cases. The results obtained from studying the effect of intellectual capital components on predicting bankruptcy showed that intellectual capital components are not appropriate predictors for bankruptcy. However, the results obtaining from the effect of value added on predicting bankruptcy using Cox regression showed that value added could be used as a predictor.

References

  • Bakhshani, Safiey (2013). Bankruptcy Prediction of Companies Listed in tehran Stock Exchange Using Proportional Hazard Regression (Cox ),Interdisciplinary Journal of Contemporary research in business , Vol 5,No2. PP:327-340
  • Balcaene,S & Ooghe , H (2004). 35 years of studies on business Failure: an overview of the classic statistical methodologies and their related problems , Vlerick leuven gent , No 16.PP:3-70
  • Dakovic , R & Czado , c & Berg , D ( 2007 ), Bankruptcy Prediction in Norway a Comparison Study . Statistical Research Report , NO 4 .-Douglas .A et all (1989); statistics with confidence ,translated by : Roudbari M;Saneii .S(2005); Andishmand publishing;vol 1.PP:3-16.PP:
  • Geep , A & Kumar , k. (2008) . The Role of survival Analysis in Financial Distress prediction ,International Research journal of finance and Economics. PP:13-34.
  • Hajizadeh .E & Asghari . M (2011). Statistical Methods and Analyses In Health and Biosciences ; Iranian Student Book Agancy .
  • Kheri.S ; Faghihzade.S ; Meshkani.M.R;Mahmudi.M;Babaei.G.H (2003).A comparison of cox and frailty models in presence of unknown risk factors;Journal of Research in medical sciences.8(2).PP:23-28.
  • Li , Z et all .(2006) Failure event Predication using the Cox Proportional hazard model driven by Frequent Failure Signatures؛IIE Transition , Vol 39 , No3.PP:303-315.
  • Madhooshi.M؛Asgharnejad.M(2010). Measuring Intellectual Capital and Investigate the Association Between the Intellectual Capital and Financial Returns of Companies; Journal of The Accounting And Auditing Review,Vol 16,No 4.PP:10-116.
  • Namazi.M؛Ebrahimi.sh (2012).Investigating the impact of the components of intellectual capital on the firm's financial performance؛Journal of Accounting Advances (JAA) Vol 3 , No 2.PP:163-197.
  • Rezaei.F؛Piri.A؛Nili.V(2013).Influence of intellectual capital on firm's market value in defferent life-cycle stages؛Journal of development & evolution management,Vol5,No13.PP:19-28.
  • Shum Way , T (2001) . Forecasting Bankrupt more Accuratly : Asimple Hazard model,The journal of business،Vol 74،No 1.PP:101-123.
  • Shyug Lee,Tian(2004). Incorporating Financial Ratios and Intellectual Capital in Bankruptcy Predictions, Available Online http: www.researchgate.net/.../237806102_Incorporating_Financial.PP:1-25.
  • Sveiby.k (2001). Methods for Measuring Intangible Assets. Available Online http://www.sveiby.com.au/ BookContents.html.
  • Tan, Hong Pew, David Plowman and Phil Hancock(2007). Intellectual Capital and Financial Returns of Companies, The Graduate School of Management, University of Western Australia, Crawley, Australia , The Current Issue and Full Text Archive of this Journal is, Journal of Intellectual Capital 8(1(.PP:76-95.
There are 14 citations in total.

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Safiye Bakshani This is me

Publication Date October 16, 2015
Published in Issue Year 2014 Volume: 1 Issue: 4

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APA Bakshani, S. (2015). STUDYING THE IMPACT OF INTELLECTUAL CAPITAL AND VALUE ADDED ON PREDICTING BANKRUPTCY USING SURVIVAL ANALYSIS. Journal of Economics Finance and Accounting, 1(4).

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