The Use Of Ohlson's O-Score For Bankruptcy Prediction In Thailand

Business failure is a major concern to all parties involved and can create high costs and heavy losses.  If bankruptcy can be predicted with reasonable accuracy ahead of time, firms can better protect their businesses and can take action to minimize risk and loss of business, and perhaps even prevent the bankruptcy itself.   Bankruptcy prediction in thailand is important because business in thailand has historically operated on a system of trust where one person doing business trusts the other to perform as agreed upon in written and oral contracts.  The threat of bankruptcy tends to diminish that trust and weakens the country's ability to prosper.  While research in bankruptcy has been extensive, there has been only limited research on bankruptcy prediction in thailand.  This study expands on an earlier study by pongsatat, et al (1994) using ohlson's o-score to determine if there a significant difference in ohlson’s o-score as measured by ohlson’s logit analysis model between bankrupt and non-bankrupt firms in thailand.  The results of the independent samples t-test demonstrates that there are significant differences in the population means for one year, two years and three years prior to bankruptcy at the 0.05 level.  Therefore the null hypothesis that there is no difference in the mean of ohlson’s o-score as measured by logit analysis between bankrupt and non-bankrupt firms in thailand is rejected

HELPING TEACHERS UN-STRUCTURE: A PROMISING APPROACH

The amount of overt structure in the presentation of a task affects students’ engagement, creativity, and willingness to tolerate frustration. In a professional development project, with algebra teachers from nine American schools, we tried to help teachers make judicious decisions in their use of structure by having them facilitate low-structure tasks, remove structure from overly structured tasks, and observe “at-risk” students engaged in learning through low-structure tasks. Project schools that worked on structuring generally improved their algebra passing rates, both overall and for African-American students

Prospectus, August 29, 2007

https://spark.parkland.edu/prospectus_2007/1017/thumbnail.jp

Bankruptcy Prediction for Large and Small Firms in Asia: A Comparison of Ohlson and Altman

This paper reports the results of a research study examining the comparative ability of Ohlson’s Logit model and Altman’s four-variance model for predicting bankruptcy of large and small firms in Thailand. A matched pair sample of 60 bankrupt and 60 nonbankrupt firms were examined over the years 1998 to 2003. The study concludes that while each of the two methods have predictive ability when applied to Thai firms, there is no significant difference in their respective predictive abilities for either large asset or small asset Thai firms

The risk management knowledge of basketball coaches and their influence on the injury prevention strategies of their players

This study examined coach influence on players to use injury prevention (IP) measures and whether coaching accreditation influences a coach’s knowledge of injury prevention. Twenty-seven coaches were surveyed in a face to face interview. A total of 132 players completed surveys with approximately one half being in teams with a coach. The researchers also observed games and noted IP measures before and after games. Twenty of the coaches had completed a coach accreditation course with 70.3% believing that they had good or better knowledge of IP measures. Over 50 % of coaches obtained their knowledge from playing and only 18.5% of coaches believed that their knowledge came from coach accreditation courses. Three-quarters of the coaches believed that they had a major role in IP education of players and they believed that warm-up was the major IP measure which reduced the risk of injury. Only 29.6% of coaches indicated that they would not allow an injured player to compete in a game. A total of 65.9% of players indicated that they warmed up prior to a game however 100% warmed-up on observation although the maximum warm-up observed was 3 minutes. The coach was the major influence (42.5%) on players’ IP use. Players believed that the coach encouraged warmups the most followed by cool-downs however no team cooled-down after games. Coached players displayed more IP strategies than players without a coach. This study highlighted the importance of coaches in IP and efforts must be made to include IP information in accreditation courses