How to cite this paper
Alifiah, M & Tahir, M. (2018). Predicting financial distress companies in the manufacturing and non-manufacturing sectors in Malaysia using macroeconomic variables.Management Science Letters , 8(6), 593-604.
Refrences
Al-Darayseh, M. M. (1990). Corporate failure for manufacturing industries using financial ratios and macroeconomic variables with logit analysis. Unpublished Ph.D., The University of Nebraska - Lincoln, United States -- Nebraska.
Alkhatib, K., & Al Bzour, A. (2011). Predicting corporate bankruptcy of Jordanian listed companies: Using Altman and Kida Models. International Journal of Business and Management, 6(3), 208-215.
Altman, E. I. (1968). Financial ratios, discriminant analysis and the prediction of corporate bankruptcy Journal of Finance, 23(4), 589-609.
Aziz, A., & Dar, H. (2006). Predicting corporate bankruptcy: Where we stand? Corporate Governance, 6(1), 18-33.
Barnes, P. (1987). The analysis and use of financial ratios: A review article Journal of Business Finance & Accounting, 14(4), 449-461.
Beaver, W. H. (1966). Financial ratios as predictors of failure. Journal of Accounting Research, 4(3), 71-111.
Bunn, P., & Redwood, V. (2003). Company accounts based modelling of business failures and the implications for financial stability. Bank of England Quarterly Bulletin, 43(4), 462-462.
Chin, N. S. (2005). Prediction of corporate failure: A study of the Malaysian corporate sector. Unpublished Ph.D. Dissertation, Multimedia University, Malaysia.
Fauzias, M. N., & Chin, Y. F. (2001). Z-Score revisited: Its applicability in the prediction of bankruptcy in the Malaysian environment. Paper presented at the Malaysian Finance Association Third Annual Symposium, Malaysia.
Ganesalingam, S., & Kuldeep, K. (2001). Detection of financial distress via multivariate statistical analysis. Managerial Finance, 27(4), 45-55.
Gujarati, N. D. (1995). Basic econometrics (3rd ed.). Singapore: McGraw Hill International Editions.
Hol, S. (2007). The influence of the business cycle on bankruptcy probability. International Transactions in Operational Research, 14(1), 75-90.
Karbhari, Y., & Zulkarnain, M. S. (2004). Prediction of corporate financial distress: Evidence from Malaysian listed firms during the Asian financial crisis. Unpublished Working Paper. Social Science Research Network.
Karels, G. V., & Prakash, A. J. (1987). Multivariate normality and forecasting of business bankruptcy Journal of Business Finance & Accounting, 14(4), 573-593.
Keasey, K., & Watson, R. (1991). Financial distress prediction models: A review of their usefulness. British Journal of Management, 2(2), 89-102.
Kritzer, A. J. (1985). Financial ratios, macroeconomic variables and their interaction effects in models of firm-specific financial distress Unpublished Ph.D., University of Colorado at Boulder, United States -- Colorado.
Laitinen, T., & Kankaanpaa, M. (1999). Comparative analysis of failure prediction methods: The Finnish case. European Accounting Review, 8(1), 67-92.
Lakshan, A. M. I., & Wijekoon, W. M. H. N. (2012). Predicting corporate failure of listed companies in Sri Lanka. GSTF Business Review (GBR), 2(1), 180-185.
Li, J. (2012). Prediction of corporate bankruptcy from 2008 through 2011. Journal of Accounting and Finance, 12(1), 31-41.
Low, S. W., Fauzias, M. N., & Yatim, P. (2001). Predicting corporate financial distress using logit model: The case of Malaysia. Asian Academy of Management Journal, 6(1), 49-62.
Mensah, Y. M. (1984). An examination of the stationarity of multivariate bankruptcy prediction models: A methodological study. Journal of Accounting Research, 22(1), 380-395.
Mitchem, C. E. D. (1990). A cash flow and macroeconomic model of financial distress. Unpublished Ph.D., Virginia Commonwealth University, United States -- Virginia.
Mohamad Isa, H., Annuar, M. N., Shamsher, M., & Taufiq, H. (2005). Prediction of corporate financial distress of PN4 companies in Malaysia: A logistic model approach. Journal of Restructuring Finance, 2(2), 143-155.
Mohamed, S., Ang, J. L., & Sanda, A. U. (2001). Predicting corporate failure in Malaysia: An application of the logit model to financial ratio analysis. Asian Academy of Management Journal, 6(1), 99-118.
Mohmad Isa, H. (2004). Determination of capital structure and prediction of corporate financial distress in Malaysia. Unpublished Ph.D. Dissertation, Universiti Putra Malaysia.
Monti, N. E., & Garcia, R. M. (2010). A statistical analysis to predict financial distress. Journal of Service Science and Management, 3(3), 309-335.
Nam, J. H., & Taehong, J. (2000). Bankruptcy prediction: Evidence from Korean listed companies during the IMF crisis. Journal of International Financial Management & Accounting, 11(3), 178-197.
Nur Adiana, H. A., Rohani, M. R., & Abd. Halim, A. (2007). Factors contributing to financially distressed companies. Paper presented at the Malaysian Finance Association 9th Annual Conference, Malaysia.
Ohlson, J. A. (1980). Financial ratios and the probabilistic prediction of bankruptcy. Journal of Accounting Research, 18(1), 109-131.
Tew, Y. H., & Enylina, N. (2005). Predicting corporate financial distress using logistic regression: Malaysian evidence. Unpublished Working Paper. Universiti Teknologi Mara.
Wang, Y., & Campbell, M. (2010). Business failure prediction for publicly listed companies in China. Journal of Business and Management, 16(1), 75-88.
Zavgren, C. V. (1985). Assessing the vulnerability to failure of American industrial firms: A logistic analysis Journal of Business Finance & Accounting, 12(1), 19-45.
Zulkarnain, M. S., & Karbhari, Y. (2004). Bankruptcy prediction during the IMF crisis: Evidence from Malaysian listed industrial companies. Unpublished Working Paper. Social Science Research Network.
Zulkarnain, M. S., Mohamad Ali, A. H., Annuar, M. N., & Zainal Abidin, M. (2001). Forecasting corporate failure in Malaysian industrial sector firms. Asian Academy of Management Journal, 6(1), 15-30.
Alkhatib, K., & Al Bzour, A. (2011). Predicting corporate bankruptcy of Jordanian listed companies: Using Altman and Kida Models. International Journal of Business and Management, 6(3), 208-215.
Altman, E. I. (1968). Financial ratios, discriminant analysis and the prediction of corporate bankruptcy Journal of Finance, 23(4), 589-609.
Aziz, A., & Dar, H. (2006). Predicting corporate bankruptcy: Where we stand? Corporate Governance, 6(1), 18-33.
Barnes, P. (1987). The analysis and use of financial ratios: A review article Journal of Business Finance & Accounting, 14(4), 449-461.
Beaver, W. H. (1966). Financial ratios as predictors of failure. Journal of Accounting Research, 4(3), 71-111.
Bunn, P., & Redwood, V. (2003). Company accounts based modelling of business failures and the implications for financial stability. Bank of England Quarterly Bulletin, 43(4), 462-462.
Chin, N. S. (2005). Prediction of corporate failure: A study of the Malaysian corporate sector. Unpublished Ph.D. Dissertation, Multimedia University, Malaysia.
Fauzias, M. N., & Chin, Y. F. (2001). Z-Score revisited: Its applicability in the prediction of bankruptcy in the Malaysian environment. Paper presented at the Malaysian Finance Association Third Annual Symposium, Malaysia.
Ganesalingam, S., & Kuldeep, K. (2001). Detection of financial distress via multivariate statistical analysis. Managerial Finance, 27(4), 45-55.
Gujarati, N. D. (1995). Basic econometrics (3rd ed.). Singapore: McGraw Hill International Editions.
Hol, S. (2007). The influence of the business cycle on bankruptcy probability. International Transactions in Operational Research, 14(1), 75-90.
Karbhari, Y., & Zulkarnain, M. S. (2004). Prediction of corporate financial distress: Evidence from Malaysian listed firms during the Asian financial crisis. Unpublished Working Paper. Social Science Research Network.
Karels, G. V., & Prakash, A. J. (1987). Multivariate normality and forecasting of business bankruptcy Journal of Business Finance & Accounting, 14(4), 573-593.
Keasey, K., & Watson, R. (1991). Financial distress prediction models: A review of their usefulness. British Journal of Management, 2(2), 89-102.
Kritzer, A. J. (1985). Financial ratios, macroeconomic variables and their interaction effects in models of firm-specific financial distress Unpublished Ph.D., University of Colorado at Boulder, United States -- Colorado.
Laitinen, T., & Kankaanpaa, M. (1999). Comparative analysis of failure prediction methods: The Finnish case. European Accounting Review, 8(1), 67-92.
Lakshan, A. M. I., & Wijekoon, W. M. H. N. (2012). Predicting corporate failure of listed companies in Sri Lanka. GSTF Business Review (GBR), 2(1), 180-185.
Li, J. (2012). Prediction of corporate bankruptcy from 2008 through 2011. Journal of Accounting and Finance, 12(1), 31-41.
Low, S. W., Fauzias, M. N., & Yatim, P. (2001). Predicting corporate financial distress using logit model: The case of Malaysia. Asian Academy of Management Journal, 6(1), 49-62.
Mensah, Y. M. (1984). An examination of the stationarity of multivariate bankruptcy prediction models: A methodological study. Journal of Accounting Research, 22(1), 380-395.
Mitchem, C. E. D. (1990). A cash flow and macroeconomic model of financial distress. Unpublished Ph.D., Virginia Commonwealth University, United States -- Virginia.
Mohamad Isa, H., Annuar, M. N., Shamsher, M., & Taufiq, H. (2005). Prediction of corporate financial distress of PN4 companies in Malaysia: A logistic model approach. Journal of Restructuring Finance, 2(2), 143-155.
Mohamed, S., Ang, J. L., & Sanda, A. U. (2001). Predicting corporate failure in Malaysia: An application of the logit model to financial ratio analysis. Asian Academy of Management Journal, 6(1), 99-118.
Mohmad Isa, H. (2004). Determination of capital structure and prediction of corporate financial distress in Malaysia. Unpublished Ph.D. Dissertation, Universiti Putra Malaysia.
Monti, N. E., & Garcia, R. M. (2010). A statistical analysis to predict financial distress. Journal of Service Science and Management, 3(3), 309-335.
Nam, J. H., & Taehong, J. (2000). Bankruptcy prediction: Evidence from Korean listed companies during the IMF crisis. Journal of International Financial Management & Accounting, 11(3), 178-197.
Nur Adiana, H. A., Rohani, M. R., & Abd. Halim, A. (2007). Factors contributing to financially distressed companies. Paper presented at the Malaysian Finance Association 9th Annual Conference, Malaysia.
Ohlson, J. A. (1980). Financial ratios and the probabilistic prediction of bankruptcy. Journal of Accounting Research, 18(1), 109-131.
Tew, Y. H., & Enylina, N. (2005). Predicting corporate financial distress using logistic regression: Malaysian evidence. Unpublished Working Paper. Universiti Teknologi Mara.
Wang, Y., & Campbell, M. (2010). Business failure prediction for publicly listed companies in China. Journal of Business and Management, 16(1), 75-88.
Zavgren, C. V. (1985). Assessing the vulnerability to failure of American industrial firms: A logistic analysis Journal of Business Finance & Accounting, 12(1), 19-45.
Zulkarnain, M. S., & Karbhari, Y. (2004). Bankruptcy prediction during the IMF crisis: Evidence from Malaysian listed industrial companies. Unpublished Working Paper. Social Science Research Network.
Zulkarnain, M. S., Mohamad Ali, A. H., Annuar, M. N., & Zainal Abidin, M. (2001). Forecasting corporate failure in Malaysian industrial sector firms. Asian Academy of Management Journal, 6(1), 15-30.