Financial Analysis and the Predictability of Important Economic Events

by Ahmed Riahi-Belkaoui

Overview

Financial analysis, based on ratio analysis, has been used as a tool for analyzing the financial strength of corporations. Although ratio analysis is generally used as a univariate strategy, the accounting and finance literature has evolved to include multivariate-based models in financial analysis, and these models can be used to explain important economic events and often predict them. Thus, in an exhaustive coverage of the economic events to which they can be applied, Riahi-Belkaoui discusses these models in a way that will have special value to corporate management, financial planners, and to their colleagues in the academic community who specialize in business and economic analysis.

Product Details

ISBN-13:	9781567201642
Publisher:	Bloomsbury Academic
Publication date:	07/28/1998
Edition description:	New Edition
Pages:	240
Product dimensions:	6.00(w) x 9.00(h) x 0.69(d)
Lexile:	1530L (what's this?)

About the Author

AHMED RIAHI-BELKAOUI is CBA Distinguished Professor of Accounting in the College of Business Administration, University of Illinois at Chicago. Author of more than 30 Quorum books and coauthor of several more, he is also a prolific author of articles published in the scholarly and professional journals of his field, and has served on numerous editorial boards.

Table of Contents

Preface
Financial Analysis and the Practice Approach
The Prediction of Stock Returns Using Population Financial Ratios
The Prediction of Systematic Risk
The Prediction of Industrial Bond Ratings
The Accounting Validation of the Dual Labor Theory
The Prediction of Social Disclosure
The Prediction of Takeovers
The Prediction and Explanation of CEO Compensation
The Prediction of Corporate Performance
The Prediction of Corporate Reputation
The Prediction of Capital Structure
Index

Editorial Reviews

Riahi-Belkaour (accounting, U. of Illinois-Chicago) explains the recently developed multivariate versions of financial analysis based in ratio analysis, and how they can be used to predict events important to a company and its managers and stockholders. He shows how an explicitly mathematical model can be used to predict or explain stock returns, systematic risk, dual-labor theory, social disclosure, corporate performance and reputation, takeovers, capital structure, and other events. Annotation c. by Book News, Inc., Portland, Or.

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