Title :
Notice of Retraction
Study on reason of financial distress of Chinese listed corporation
Author :
Cao Defang ; Chen Ke ; Song Shan
Author_Institution :
Sch. of Bus. Adm., Northeastern Univ., Shenyang, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Based on the forefathers´ research, this paper made an empirical study on reason of financial distress. We chose the panel data of new ST companies between 2004 and 2006 and used the method of Logistic regression to find the result. The empirical results indicated that not all the countermeasures we chosen are effective. At last, we got our conclusion that the indicators of current ratio, cash flow leverage ratio and legal person shares of companies had a negative correlation with the probability of financial distress.
Keywords :
financial management; regression analysis; Chinese listed corporation; ST companies; cash flow leverage ratio; financial distress; legal person shares; logistic regression; Companies; Correlation; Data models; Investments; Logistics; Predictive models; causes of financial distress; financial distress; listed company;
Conference_Titel :
Business Management and Electronic Information (BMEI), 2011 International Conference on
Print_ISBN :
978-1-61284-108-3
DOI :
10.1109/ICBMEI.2011.5921039
