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DEVELOPING A BUSINESS FAILURE PREDICTION MODEL FOR COOPERATIVES: RESULTS OF AN EMPIRICAL STUDY IN SPAIN

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DEVELOPING A BUSINESS FAILURE PREDICTION MODEL FOR COOPERATIVES: RESULTS OF AN EMPIRICAL STUDY IN SPAIN

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dc.contributor.author Mateos Ronco, Alicia María es_ES
dc.contributor.author López Mas, Ángela es_ES
dc.date.accessioned 2013-04-09T10:17:04Z
dc.date.available 2013-04-09T10:17:04Z
dc.date.issued 2011
dc.identifier.issn 1993-8233
dc.identifier.uri http://hdl.handle.net/10251/27757
dc.description.abstract The use of statistical models to predict business failures has received considerable attention in recent decades. However, very few studies have been devoted to predicting failures of cooperative societies, which play an important social and economic role in many sectors and possess certain characteristics that distinguish them from investor-owner companies. This paper develops a statistical business failure prediction model specifically for cooperative societies and identifies the most powerful predictive variables. This is done by applying logistic regression to a sample of Spanish agricultural cooperatives with financial indicators as explanatory variables. The prediction models obtained, capable of predicting failures one or two years before they actually happen, reached an accuracy level of more than 94%. The best predictors confirmed the importance to cooperatives of having a minimum amount of capital available to ensure their financial independence, which could be put at risk by virtue of the cooperative principle of ¿voluntary and open membership¿, especially when financial problems appear on the horizon. The importance of the results-based indicators was also shown, which could be considered as obvious, given that the objectives of cooperative societies is to obtain the greatest possible advantage from the activities carried out for their members. es_ES
dc.language Inglés es_ES
dc.publisher Academic Journals
dc.relation.ispartof African Journal of Business Management es_ES
dc.rights Reserva de todos los derechos es_ES
dc.subject Business failure es_ES
dc.subject Cooperatives es_ES
dc.subject Financial indicators es_ES
dc.subject Logistic regression es_ES
dc.subject Predictive model es_ES
dc.subject.classification ECONOMIA, SOCIOLOGIA Y POLITICA AGRARIA es_ES
dc.title DEVELOPING A BUSINESS FAILURE PREDICTION MODEL FOR COOPERATIVES: RESULTS OF AN EMPIRICAL STUDY IN SPAIN es_ES
dc.type Artículo es_ES
dc.identifier.doi 10.5897/AJBM11.1415
dc.rights.accessRights Abierto es_ES
dc.contributor.affiliation Universitat Politècnica de València. Departamento de Economía y Ciencias Sociales - Departament d'Economia i Ciències Socials es_ES
dc.description.bibliographicCitation Mateos Ronco, AM.; López Mas, Á. (2011). DEVELOPING A BUSINESS FAILURE PREDICTION MODEL FOR COOPERATIVES: RESULTS OF AN EMPIRICAL STUDY IN SPAIN. African Journal of Business Management. 5(26):10565-10576. doi:10.5897/AJBM11.1415 es_ES
dc.description.accrualMethod Senia es_ES
dc.relation.publisherversion http://www.academicjournals.org/AJBM es_ES
dc.description.upvformatpinicio 10565 es_ES
dc.description.upvformatpfin 10576 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 5 es_ES
dc.description.issue 26 es_ES
dc.relation.senia 219567


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