Análisis integrado de la absorción y quiebra empresarial mediante la estimación de un modelo multilogit

  1. Gómez Albero, María Ascensión
  2. Gallego Merino, Ana María
Revista:
Revista española de financiación y contabilidad

ISSN: 0210-2412

Ano de publicación: 2002

Número: 111

Páxinas: 111-144

Tipo: Artigo

DOI: 10.1080/02102412.2002.10779446 DIALNET GOOGLE SCHOLAR

Outras publicacións en: Revista española de financiación y contabilidad

Resumo

Recent studies hace extensively used logit or probit models to examine hypothesis on merger motives and corporate bankruptcy. In this paper we analyze some methodological issues of using binary choice models in this framework and it is proposed an alternative methodology: The Multinomial Logit Model. Also, we provide an approach to interpreting and testing model coefficients. The method focused on partial derivatives providing a better understanding of the directional effects of model coefficients and the effects of changes in the independent variables on the oribability of belonging to a group. finally, we apply this methodology ti a sample of Spanish Insurance Firms

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Fonte de datos: Dialnet