@article{ART000943518},
author={Si Joong KIm},
title={Comparing Distress Prediction Models to the Hotel Corporate Structure: Based on Predictive Powers},
journal={Journal of Tourism Sciences},
issn={1226-0533},
year={2005},
volume={28},
number={4},
pages={9-26}
TY - JOUR
AU - Si Joong KIm
TI - Comparing Distress Prediction Models to the Hotel Corporate Structure: Based on Predictive Powers
JO - Journal of Tourism Sciences
PY - 2005
VL - 28
IS - 4
PB - The Tourism Sciences Society Of Korea
SP - 9
EP - 26
SN - 1226-0533
AB - This study was conducted to evaluate the predictive power of two distress prediction models. Using logit and multiple discriminant analyses, the financial ratio of 33 first-class domestic hotels was calculated and compared. The univariate test result revealed that the variables that distinguished top-level corporate structures to failing corporate structures were current ratio, total borrowings and bonds payable to total assets, financial expenses to operating income, net income to sales, net income to total assets, and operating cash flow ratio. The statistical significance of the six financial ratio variables was also confirmed by the discriminant analysis and the logit analysis. The distress prediction power was 93.9% in the discriminant analysis, and 87.9% in the logit analysis.
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Si Joong KIm. (2005). Comparing Distress Prediction Models to the Hotel Corporate Structure: Based on Predictive Powers. Journal of Tourism Sciences, 28(4), 9-26.
Si Joong KIm. 2005, "Comparing Distress Prediction Models to the Hotel Corporate Structure: Based on Predictive Powers", Journal of Tourism Sciences, vol.28, no.4 pp.9-26.
Si Joong KIm "Comparing Distress Prediction Models to the Hotel Corporate Structure: Based on Predictive Powers" Journal of Tourism Sciences 28.4 pp.9-26 (2005) : 9.
Si Joong KIm. Comparing Distress Prediction Models to the Hotel Corporate Structure: Based on Predictive Powers. 2005; 28(4), 9-26.
Si Joong KIm. "Comparing Distress Prediction Models to the Hotel Corporate Structure: Based on Predictive Powers" Journal of Tourism Sciences 28, no.4 (2005) : 9-26.
Si Joong KIm. Comparing Distress Prediction Models to the Hotel Corporate Structure: Based on Predictive Powers. Journal of Tourism Sciences, 28(4), 9-26.
Si Joong KIm. Comparing Distress Prediction Models to the Hotel Corporate Structure: Based on Predictive Powers. Journal of Tourism Sciences. 2005; 28(4) 9-26.
Si Joong KIm. Comparing Distress Prediction Models to the Hotel Corporate Structure: Based on Predictive Powers. 2005; 28(4), 9-26.
Si Joong KIm. "Comparing Distress Prediction Models to the Hotel Corporate Structure: Based on Predictive Powers" Journal of Tourism Sciences 28, no.4 (2005) : 9-26.
