Doomed Firms

'The evolving economic downturn has sparked renewed interest in bankruptcy analysis among financial researchers. The multi-equation methodology pioneered in this text will likely be the basis of future work in this area. This book is not only timely but innovating and stimulating.' Professor Gordon Karels, University of Nebraska-Lincoln, USA 'We know so little about the things that kill companies. This book provides us with a rigorous analysis of the underlying issues and should be read and reread by those with an interest in the workings of the private sector.' Professor Scott Holmes, The University of Newcastle, Australia, and The University of Queensland, Australia 'Researchers and students of accounting, economics, management and corporate governance. or anyone concerned with the failure of firms should examine Cybinski's work. It contains not only a new methodology for examining failing firms, but suggests that some firms are necessarily 'doomed' in that they are so far gone that little or nothing can be done to save them.' Dr John Forster, Griffith University, Australia 'This is much to commend this new approach which may well be the way forward. The author believes that her work will form the basis of future research. To this end she has provided a great deal of detailed statistics and computer programming work in copious appendices to assist future researchers.' AccountingWeb, January 2004