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Addis Ababa University Libraries Electronic Thesis and Dissertations: AAU-ETD! >
Faculty of Business and Economics >
Thesis - Business Adminstration >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/123456789/3446
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| Title: | BUSINESS FAILURE PREDICTION (BFP) An Empirical Study on Ethiopian Private Enterprises |
| Authors: | Kisi, Tafa |
| Advisors: | Abebe Y. (Asst. Prof) |
| Keywords: | Business A DMINISTRATION |
| Copyright: | Jun-2011 |
| Date Added: | 20-Jul-2012 |
| Publisher: | AAU |
| Abstract: | This study is an attempt to test and develop business failure prediction model for
enterprises in Ethiopia using multivariate analyses. The study looked at the
financial statements using a sample of ten failed and ten non-failed enterprises
matched by industry and asset size from the recent 2005-2009 period and used
five different financial ratios from liquidity, solvency, leverage, and profitability
categories as classifying variables. It applied a revised Altman model developed
for private companies to the sample and found that the performance of the model
was not strong with successful classification rates of 70% and 65% one and two
years prior to failure event respectively. Finally, using a stepwise MDA
methodology, the study developed a new model that deemed to suitable in
Ethiopian context and found that the model achieved considerable improvement
in the successful classification rate that reached 85% and 70% one and two
years prior to failure respectively |
| Description: | A thesis submitted to the School of Graduate Studies of Addis
Ababa University in partial fulfillment of the requirements for
the Degree of Masters of Business Administration (MBA in
Finance) |
| URI: | http://hdl.handle.net/123456789/3446 |
| Appears in: | Thesis - Business Adminstration
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