Portal de Periódicos da CAPES

An analysis of financial ratios of listed South African industrial companies

2002; Volume: 11; Issue: 1 Linguagem: Inglês

1019-567X

Jan du Plessis, Jan Swanepoel,

Financial Distress and Bankruptcy Prediction

The investigation of the cross-sectional distributional forms of financial ratios in the literature is mostly parametric of nature. Most of the previous research attempted to fit the normal distribution and some researchers suggested using the stable paretian distribution. In this study, a non-parametric approach, based on kernel density estimation techniques is used to describe the distributional properties of financial ratios.