Original Research

Mislukkingvoorspelling tydens hoog- en laagkonjunktuur

Pierre Olivier
South African Journal of Business Management | Vol 26, No 1 | a820 | DOI: https://doi.org/10.4102/sajbm.v26i1.820 | © 2018 Pierre Olivier | This work is licensed under CC Attribution 4.0
Submitted: 15 October 2018 | Published: 31 March 1995

About the author(s)

Pierre Olivier, Departement Rekeningkunde, Universiteit van Stellenbosch, South Africa

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Abstract

In this study failure-prognosis models have been compiled for periods of high and low economical activity. Profitability, cash flow and activity ratio's have given better classification results during high economical activity than during low economical activity. Gearing and liquidity ratio's have given better classification results during low economical activity than during high economical activity. The failure-prognosis models were interchanged and it was found that models compiled to predict business failure during high economical activity did not fare well when applied during low economical activity and vice versa.

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