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 |
S |
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 |
|