Do structural constraints of the industry matter for corporate failure prediction?

NCUIR > School of Management at National Central University > Department of Finance > journal & Dissertation > Item 987654321/104823

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Title:	Do structural constraints of the industry matter for corporate failure prediction?
Authors:	王志瑋;Chiu, W-C;Peña, Jl;Wang, C-W
Contributors:	管理學院財務金融學系
Date:	2013-01-01
Issue Date:	2026-04-23 11:58:59 (UTC+8)
Publisher:	Taylor and Francis Ltd.;Routledge
Abstract:	摘要： We hypothesize and find empirical evidence that two structural constraints of the industry are informative in the corporate failure prediction, industry concentration and dependence on customers and suppliers. Using an extensive database on corporate failures and bankruptcies in the U.S. market from 1998 to 2009 we find that the probabilities of failure and bankruptcy are significantly higher for firms in highly concentrated industries. The probability of bankruptcy is higher for firms in industries with stronger customer dependency, but this factor does not affect failure probabilities. Also in the case of failures the model's fit is noticeably higher than in the case of bankruptcies. 出版者： Routledge 出版日期： 2013-01-01 出處： The investment analysts journal, 2013-01, Vol.42 (78), p.65-81 資源來源： Taylor & Francis Online 版權： 2013 Taylor and Francis Group, LLC 2013 識別號： ISSN: 1029-3523 識別號： EISSN: 2077-0227 識別號： DOI: 10.1080/10293523.2013.11082562
Appears in Collections:	[Department of Finance] journal & Dissertation

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