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Financial Distress Prediction Models for Wind Energy SMEs
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  • Journal title : International Journal of Contents
  • Volume 10, Issue 4,  2014, pp.75-82
  • Publisher : The Korea Contents Association
  • DOI : 10.5392/IJoC.2014.10.4.075
 Title & Authors
Financial Distress Prediction Models for Wind Energy SMEs
Oh, Nak-Kyo;
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 Abstract
The purpose of this paper was to identify suitable variables for financial distress prediction models and to compare the accuracy of MDA and LA for early warning signals for wind energy companies in Korea. The research methods, discriminant analysis and logit analysis have been widely used. The data set consisted of 15 wind energy SMEs in KOSDAQ with financial statements in 2012 from KIS-Value. We found that five financial ratio variables were statistically significant and the accuracy of MDA was 86%, while that of LA is 100%. The importance of this study is that it demonstrates empirically that financial distress prediction models are applicable to the wind energy industry in Korea as an early warning signs of impending bankruptcy.
 Keywords
Distress Prediction;Discriminant Analysis;Logit Analysis;SMEs;wind energy Sector;
 Language
English
 Cited by
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