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Company financial failure and distress : a perspective
Dissertation (MCom)--University of Pretoria, 2012.
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| Format: | Thesis |
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University of Pretoria
2013
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| _version_ | 1867613486574469120 |
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| access_status_str | Open Access |
| author2 | Marx, S. |
| author_browse | Marx, S. |
| author_facet | Marx, S. |
| collection | Thesis |
| dc_rights_str_mv | © 2012 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MCom)--University of Pretoria, 2012. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/30086 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:36:55.109Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/30086 Company financial failure and distress : a perspective Marx, S. francoisvdc@webmail.co.za Van der Colff, Francois Stakeholders Shareholders Financial distress UCTD Dissertation (MCom)--University of Pretoria, 2012. This study had a two-fold purpose. Firstly, to establish whether a model utilising a number of non-financial variables in conjunction with a model based on financial variables is able to provide a more accurate company financial distress model than a model based on financial variables only. Secondly, to reinforce the theoretical foundation of company financial distress and failure through an examination of existing studies in order to enhance insight into the financial distress and failure phenomenon. A phased approach was applied to identify a sample of 95 companies listed on the JSE. A questionnaire comprising 14 questions, divided into five broad categories based on the strategic capability of a subject company was employed. The published Director’s Report was used to evaluate the questions on a zero to five-point scale over a 10-year observation period. The relationship between the questionnaire test results and the De la Rey K-Score for the subject companies was tested utilising the Cramer’s V statistical test. The Cramer’s V test is a chi-square based measure of nominal association yielding a value between zero and one. A movement towards one indicates a strengthening relationship, in this instance, between the non-financial test result and the De la Rey K-Score. A movement towards zero is an indication of a weakening relationship. A limited test result in favour of a strengthening relationship was insufficient to prove that the primary objective of this study has been achieved. The secondary objective was achieved in view that this was an exploratory study. It is, against this background, that empirical research is recommended in order to prove that a model combining financial variables with true non-financial variables should provide a more accurate company distress prediction model. Financial Management unrestricted 2013-09-07T17:54:01Z 2012-12-13 2013-09-07T17:54:01Z 2012-09-06 2012-12-13 2012-12-03 Dissertation Van der Colff, F 2012, Company financial failure and distress : a perspective , MCom dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/30086 > F12/9/2/ag http://hdl.handle.net/2263/30086 http://upetd.up.ac.za/thesis/available/etd-12032012-212730/ © 2012 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | Stakeholders Shareholders Financial distress UCTD Company financial failure and distress : a perspective |
| title | Company financial failure and distress : a perspective |
| title_full | Company financial failure and distress : a perspective |
| title_fullStr | Company financial failure and distress : a perspective |
| title_full_unstemmed | Company financial failure and distress : a perspective |
| title_short | Company financial failure and distress : a perspective |
| title_sort | company financial failure and distress a perspective |
| topic | Stakeholders Shareholders Financial distress UCTD |
| url | http://hdl.handle.net/2263/30086 http://upetd.up.ac.za/thesis/available/etd-12032012-212730/ |