An Examination Of The Potential Impact Of Risk On Viability Assessments For Financially Distressed Firms: The Case Of Professional User Groups Of Company Accounts

Constantinides, Sylvia (2007) An Examination Of The Potential Impact Of Risk On Viability Assessments For Financially Distressed Firms: The Case Of Professional User Groups Of Company Accounts. Asian Academy of Management Journal (AAMJ), 12 (1). pp. 1-16. ISSN 1394-2603

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    Abstract

    Risky conditions in conjunction with individuals' attitude to risk would normally lead to risk-averse behavior (Fishbein & Ajzen, 1975; Ajzen & Fishbein, 1980). In this research, risk-averse behavior (the dependent variable) relates to the "going-concern" opinion of financially distressed firms. A logistic regression model used as predictors of risk measurements (risky conditions and risk attitude) correctly predicts 97.6% of the nongoing concern opinions. In conclusion, the empirical evidence demonstrates a subtle impact of risk on individuals' behavior despite the fact that distinct statistical tests do not fully support this.

    Item Type: Article
    Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28-70 Management. Industrial Management
    Divisions: Penerbit Universiti Sains Malaysia (USM Press) > Asian Academy of Management Journal (AAM)
    Depositing User: Mr Firdaus Mohamad
    Date Deposited: 04 Aug 2017 16:23
    Last Modified: 04 Aug 2017 16:23
    URI: http://eprints.usm.my/id/eprint/35948

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