Logit regression based bankruptcy prediction of Philippine pre-need companies from 2000-2013

Logit regression based bankruptcy prediction of Philippine pre-need companies from 2000-2013

The pre-need industry in the Philippines is criticized due to the numerous defaults of pre-need firms. Despite their guaranteed returns, from 200 pre-need companies, 180 went bankrupt as of 2013. This study investigates the effects of changes in financial accounting ratios and macroeconomic variable...

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Main Authors: Chen, Jayin, Connolly, Anne Therese, Corrales, Eleonor, Ke, Danny
Format: text
Language:English
Published: Animo Repository 2014
Subjects:
Insurance companies > Philippines
Insurance companies > Philippines > Management
Insurance companies > Investment > Philippines
Online Access:https://animorepository.dlsu.edu.ph/etd_bachelors/7556
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Institution: De La Salle University
Language: English
id oai:animorepository.dlsu.edu.ph:etd_bachelors-8201
record_format eprints
spelling oai:animorepository.dlsu.edu.ph:etd_bachelors-82012021-10-12T07:26:34Z Logit regression based bankruptcy prediction of Philippine pre-need companies from 2000-2013 Chen, Jayin Connolly, Anne Therese Corrales, Eleonor Ke, Danny The pre-need industry in the Philippines is criticized due to the numerous defaults of pre-need firms. Despite their guaranteed returns, from 200 pre-need companies, 180 went bankrupt as of 2013. This study investigates the effects of changes in financial accounting ratios and macroeconomic variables on the odds of failure. Using logit regression and Altman Z-score, bankruptcy is predicted by assessing the estimated impact of each of the factors. The findings suggest that the real interest rate and the cash flow to total assets ratio are the most crucial factors having the largest positive and negative marginal effect on bankruptcy respectively. 2014-01-01T08:00:00Z text https://animorepository.dlsu.edu.ph/etd_bachelors/7556 Bachelor's Theses English Animo Repository Insurance companies--Philippines Insurance companies--Philippines--Management Insurance companies--Investment--Philippines
institution De La Salle University
building De La Salle University Library
continent Asia
country Philippines
Philippines
content_provider De La Salle University Library
collection DLSU Institutional Repository
language English
topic Insurance companies--Philippines
Insurance companies--Philippines--Management
Insurance companies--Investment--Philippines
spellingShingle Insurance companies--Philippines
Insurance companies--Philippines--Management
Insurance companies--Investment--Philippines
Chen, Jayin
Connolly, Anne Therese
Corrales, Eleonor
Ke, Danny
Logit regression based bankruptcy prediction of Philippine pre-need companies from 2000-2013
description The pre-need industry in the Philippines is criticized due to the numerous defaults of pre-need firms. Despite their guaranteed returns, from 200 pre-need companies, 180 went bankrupt as of 2013. This study investigates the effects of changes in financial accounting ratios and macroeconomic variables on the odds of failure. Using logit regression and Altman Z-score, bankruptcy is predicted by assessing the estimated impact of each of the factors. The findings suggest that the real interest rate and the cash flow to total assets ratio are the most crucial factors having the largest positive and negative marginal effect on bankruptcy respectively.
format text
author Chen, Jayin
Connolly, Anne Therese
Corrales, Eleonor
Ke, Danny
author_facet Chen, Jayin
Connolly, Anne Therese
Corrales, Eleonor
Ke, Danny
author_sort Chen, Jayin
title Logit regression based bankruptcy prediction of Philippine pre-need companies from 2000-2013
title_short Logit regression based bankruptcy prediction of Philippine pre-need companies from 2000-2013
title_full Logit regression based bankruptcy prediction of Philippine pre-need companies from 2000-2013
title_fullStr Logit regression based bankruptcy prediction of Philippine pre-need companies from 2000-2013
title_full_unstemmed Logit regression based bankruptcy prediction of Philippine pre-need companies from 2000-2013
title_sort logit regression based bankruptcy prediction of philippine pre-need companies from 2000-2013
publisher Animo Repository
publishDate 2014
url https://animorepository.dlsu.edu.ph/etd_bachelors/7556
_version_ 1772834760545009664

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