| Autor: |
Pervan, Ivica, Pavić, Petra, Pervan, Maja |
| Jazyk: |
angličtina |
| Rok vydání: |
2014 |
| Předmět: |
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| Popis: |
Firm failure phenomenon has been in the focus of academic research for many years. However, developed failure models entirely relay on original financial data and do not take into account potential data problems resulting from accounting manipulations. In this paper authors proposed the model for restatement of financial statements and tested it on the sample of 345 firms from Croatia. Empirical testing has shown that usage of restated financial data increases overall failure prediction accuracy by 5.3 percentage points. In the segment of non-distressed firms prediction accuracy was increased by 10.4 percentage points, while in the segment of distressed firms prediction accuracy was increased by 1.5 percentage points. Such findings indicate that accounting manipulations can affect failure prediction accuracy and that proposed model can be useful for prediction accuracy improvements. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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