FINANCIAL DISTRESS AND ECONOMIC, MARKET AND FINANCIAL PERFORMANCE
DOI:
https://doi.org/10.22561/cvr.v31i1.4853Keywords:
Financial Distress, Economic Performance, Market Performance, Financial PerformanceAbstract
This study aimed to verify the influence of economic, market and financial performance indicators on financial distress in Brazilian companies. For that, a descriptive, documentary research was carried out, with quantitative approach of the data, with the use of statistical methods for the analysis, such as Logistic Regression. The data collected were from 2006 to 2015. The study sample comprised Brazilian companies that had available values for financial distress and economic, market and financial performance, resulting in 309 companies comprising 3,090 observations. In general, the findings of the study show the influence of economic, market and financial performance indicators on the financial distress. The findings demonstrate that the situations before financial distress can be perceived by analyzing the economic, market and financial indicators. Thus, the study contributes to identifying economic, market and financial indicators with an important role in predicting financial distress in Brazilian companies, demonstrating that stakeholder can evaluate such nominees to analyze the financial situation of the company.
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