英語(yǔ)翻譯
With respect to all previously described researches,it can be concluded that all company's performance prediction models "represent finer and finer refinements within a standard methodology" (Neophytou and Mar Molinero,2004:681).According to the methodology applied,all the models can be classified into three main groups (Adnan Aziz and Dar,2006:19):
1.Statistical models - different statistical techniques are applied,like univariate and multivariate analyses of which the latter dominates and uses multiple discriminant,linear probability,logit,and probit models.These models are mainly based on quantitative data from financial statements and are focused on warnings of financial difficulties.Furthermore,these models can be grouped according to the elements of financial statements they are used in ratio calculations,and the type of information they provide:
A classical (traditional) models of company's performance prediction - these models are constructed using mainly accounting data from the balance sheet and income statement (accrual ratios)
B.cash flow models of company's performance prediction - these models contain information about cash flows,either current or estimated (expected),in conjunction with accounting data from the balance sheet and the income statement.