Bankruptcy Analysis Research Has Gone Through Many Iterations,from Univariate Bankruptcy

question 61

Essay

Bankruptcy analysis research has gone through many iterations,from univariate bankruptcy prediction models to sophisticated logit models.However,after examining the results of the research there appear to be a number of common factors that consistently explain bankruptcy.These factors can be grouped into investment factors,financing factors,operating factors.For each of the three groups discuss specific factors that have been found to significantly explain bankruptcy.

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Definitions:

AFL-CIO Merger

The unification in 1955 of the American Federation of Labor (AFL) and the Congress of Industrial Organizations (CIO), creating the largest federation of unions in the United States.

Industrial Unions

Labor unions that organize workers across entire industries, rather than by craft or trade, to collectively bargain for better terms of employment.

Craft Unions

Unions composed of workers specialized in a particular craft or trade, focusing on specific job skills and worker rights within that profession.

Monopsony Power

A market condition where there is only one buyer for a product or service, giving that buyer considerable control over prices.