Financial distress and probabilistic prediction of bankruptcy for Vietnamese listed firms in transportation sector
Abstract
This study investigated the predictive power of the bankruptcy predicting
models when it was applied to Vietnamese emerging market of listed firms in the
transportation sector. The logistic regression was used in this paper to measure the
prediction for listed firms. The assessment of model was done by utilizing the panel data
for the post-crisis period over five years from 2009 to realize how Vietnamese firms can
overcome the difficult time. 35 companies involved in the present model with 166
observations containing 36 financial distressed firms‟years. The result of the final
regression model is expected to bring the valuable prediction for related parties to get the
timely notices and adjust the monitoring plans or managing strategies to deal with the
coming issues.