Business Failure Prediction (BFP) An Empirical Study on Ethiopian Private Enterprises
| dc.contributor.advisor | Yitayew, Abebe (PhD) | |
| dc.contributor.author | Tafa, Kisi | |
| dc.date.accessioned | 2018-11-01T06:35:41Z | |
| dc.date.accessioned | 2023-11-04T09:02:47Z | |
| dc.date.available | 2018-11-01T06:35:41Z | |
| dc.date.available | 2023-11-04T09:02:47Z | |
| dc.date.issued | 2011-06 | |
| dc.description.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. | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/13553 | |
| dc.language.iso | en | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | Business Failure Prediction | en_US |
| dc.title | Business Failure Prediction (BFP) An Empirical Study on Ethiopian Private Enterprises | en_US |
| dc.type | Thesis | en_US |