Open AccessAccounting Information And Its Relationship To Corporate Financial Distress Process
Author(s) -
Kwabena Anyane-Ntow
Publication year - 2011
Publication title -
journal of applied business research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.149
H-Index - 22
eISSN - 2157-8834
pISSN - 0892-7626
DOI - 10.19030/jabr.v7i3.6223
Subject(s) - financial distress , distress , accounting , business , process (computing) , accounting information system , service (business) , psychology , marketing , financial system , clinical psychology , computer science , operating system
This article studies the critical chronological stages of the corporate distress process. Principal Factor Analysis is used to identify the underlying factors that influence the conditions of firms, as well as factors that account for intergroup differences. The results indicate that the critical factors associated with financial distress of manufacturing firms differ from those associated with service organizations; these factors also differ among the different groups studied and along the different phases of the financial distress continuum.