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Distress Classification of Korean Firms

Altman, Edward I. et al.
NYU Faculty Digital Archive · Papers
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multidisciplinary
This study is an attempt to construct and test a distress classification model for Korean companies. Utilizing a sample of 34 distressed firms from the most recent 1990-1993 period and a matched (by industry and year) sample of non-failed firms, we observe the classification accuracy of two models.
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