How to cite this paper
Nguyena, T., Nguyen, N & Nguyen, V. (2019). A study on the impact of the factors reflect solvency to the bankruptcy risk of real estate companies: Evidence from Vietnam stock exchange.Management Science Letters , 9(11), 1773-1782.
Refrences
Alkhatib, K., & Al Bzour, A. E. (2011). Predicting corporate bankruptcy of Jordanian listed companies: Using Altman and Kida models. International Journal of Business and Management, 6(3), 208.
Altman, E. I. (1968). Financial ratios, discriminant analysis and the prediction of corporate bankrupt-cy. The journal of finance, 23(4), 589-609.
Altman, E. I., Haldeman, R. G., & Narayanan, P. (1977). A new model to identify bankruptcy risk of corporations. Journal of banking and finance, 1(1), 29-54.
Altman, E.I. (2000). Predicting Financial Distress of Companies: Revisiting the Z- score and Zeta model. Stern School of Business, New York University, New York,USA.
Altman, E.I., Zhang, L. & Yen, J. (2007). Corporate Financial Distress Dianosgis in China. New York University Salomon Center Working paper, New York.
Bandyopadhyay, A. (2006). Predicting probability of default of Indian corporate bonds: logistic and Z-score model approaches. The Journal of Risk Finance, 7(3), 255-272.
Beaver, W.H. (1966). Financial ratios as predictors of failure. Journal of Accounting Research, 4, 71-111.
Coats, P., & Fant, L. (1993). Recognizing Financial Distress Patterns Using a Neural Network Tool. Financial Management, 22(3), 142-155.
Đao, B. T. T. (2013). A credit scoring model for manufacturing companies in Vietnam. Journal of Economics and Development, 188, 39-49.
Edmister, R. O. (1972). An empirical test of financial ratio analysis for small business failure predic-tion. Journal of Financial and Quantitative analysis, 7(2), 1477-1493.
Eljelly, A. M., & Mansour, I. H. F. (2001). Predicting private companies failure in the Sudan. Journal of African Business, 2(2), 23-43.
Etemadi, H., Rostamy, A. A. A., & Dehkordi, H. F. (2009). A genetic programming model for bank-ruptcy prediction: Empirical evidence from Iran. Expert Systems with Applications, 36(2), 3199-3207.
Fulmer (1984), A Bankruptcy Classification Model for Small Firms. Accessed March 15, 2014 from https://ycharts.com/glossary/terms/fulmer_h_score.
Gu, Z. (2002). Analyzing bankruptcy in the restaurant industry: A multiple discriminant mod-el. International Journal of Hospitality Management, 21(1), 25-42.
Hanoi Stock Exchange. (2018, 5 21). https://www.hnx.vn/thong-tin-cong-bo-ny-tcph.html.
HoChiMinh Stock Exchange. (2018). Stock Exchange Information.
Hoang, T. (2011). Analysis the Corporate Credit Risk by Logistic Model. Journal of Science and Technology, University of Da Nang, 2.
Hoang, T., & Chu, M. N., (2008). Data Analysis Using SPPS. University of Economics Ho Chi Minh City, Hong Duc publisher, 2-3
Kolari, J., Glennon, D., Shin, H., & Caputo, M. (2002). Predicting large US commercial bank fail-ures. Journal of Economics and Business, 54(4), 361-387.
Jouzbarkand, M., Keivani, F. S., Khodadadi, M., Fahim, S. R. S. N., & Aghajani, V. (2013). Bankrupt-cy prediction model by Ohlson and Shirata models in Tehran Stock Exchange. World Applied Sci-ences Journal, 21(2), 152-156.
Le, C. H. (2017, 9 7). Overview of the 10-year Cycle of the Vietnamese Real Estate Market from an Expert Perspective. From Cafef,vn: http://cafef.vn/toan-canh-chu-ky-10-nam-cua-thi-truong-bds-viet-nam-duoi-goc-nhin-chuyen-gia-20170907110546653.chn
McClure (2004), Z Marks the End. Accessed December 24, 2014 from www.investopedia.com/articles/fundamental/.
Merton, R. C. (1974). On the pricing of corporate debt: The risk structure of interest rates. The Journal of finance, 29(2), 449-470.
Nguyen, T. H. (2009), Establishing a Credit Scoring Model for Enterprises in Vietnam During the Period of Economic Transformation. Doctoral thesis, National Economics University.
Nguyen, N. K. (2012), Factors Affecting Bankruptcy in Enterprises in Dong Nai Province. Master the-sis, Ho Chi Minh Economics University.
Odom, M.D.& Sharda, R. (1990). A Neural Network Model for Bankruptcy Prediction. Proceeding of theInternational Joint Conference on Neural Networks, San Diego, 2, 163-171.
Ohlson, J. A. (1980). Financial ratios and the probabilistic prediction of bankruptcy. Journal of account-ing research, 109-131, 18(1), 109-131.
Pongsatat, S., Ramage, J., & Lawrence, H. (2004). Bankruptcy prediction for large and small firms in Asia: a comparison of Ohlson and Altman. Journal of Accounting and Corporate Governance, 1(2), 1-13.
State Securities Commission of Vietnam. (2019). Listed companies.
Ugurlu, M., & Aksoy, H. (2006), Prediction of corporate financial distress in an emerging market: the case of Turkey. Cross Cultural management: An International Journal, 3(4), 277- 295.
Xu, M., & Zhang, C. (2009). Bankruptcy prediction: the case of Japanese listed companies. Review of Accounting Studies, 14(4), 534-558.
Altman, E. I. (1968). Financial ratios, discriminant analysis and the prediction of corporate bankrupt-cy. The journal of finance, 23(4), 589-609.
Altman, E. I., Haldeman, R. G., & Narayanan, P. (1977). A new model to identify bankruptcy risk of corporations. Journal of banking and finance, 1(1), 29-54.
Altman, E.I. (2000). Predicting Financial Distress of Companies: Revisiting the Z- score and Zeta model. Stern School of Business, New York University, New York,USA.
Altman, E.I., Zhang, L. & Yen, J. (2007). Corporate Financial Distress Dianosgis in China. New York University Salomon Center Working paper, New York.
Bandyopadhyay, A. (2006). Predicting probability of default of Indian corporate bonds: logistic and Z-score model approaches. The Journal of Risk Finance, 7(3), 255-272.
Beaver, W.H. (1966). Financial ratios as predictors of failure. Journal of Accounting Research, 4, 71-111.
Coats, P., & Fant, L. (1993). Recognizing Financial Distress Patterns Using a Neural Network Tool. Financial Management, 22(3), 142-155.
Đao, B. T. T. (2013). A credit scoring model for manufacturing companies in Vietnam. Journal of Economics and Development, 188, 39-49.
Edmister, R. O. (1972). An empirical test of financial ratio analysis for small business failure predic-tion. Journal of Financial and Quantitative analysis, 7(2), 1477-1493.
Eljelly, A. M., & Mansour, I. H. F. (2001). Predicting private companies failure in the Sudan. Journal of African Business, 2(2), 23-43.
Etemadi, H., Rostamy, A. A. A., & Dehkordi, H. F. (2009). A genetic programming model for bank-ruptcy prediction: Empirical evidence from Iran. Expert Systems with Applications, 36(2), 3199-3207.
Fulmer (1984), A Bankruptcy Classification Model for Small Firms. Accessed March 15, 2014 from https://ycharts.com/glossary/terms/fulmer_h_score.
Gu, Z. (2002). Analyzing bankruptcy in the restaurant industry: A multiple discriminant mod-el. International Journal of Hospitality Management, 21(1), 25-42.
Hanoi Stock Exchange. (2018, 5 21). https://www.hnx.vn/thong-tin-cong-bo-ny-tcph.html.
HoChiMinh Stock Exchange. (2018). Stock Exchange Information.
Hoang, T. (2011). Analysis the Corporate Credit Risk by Logistic Model. Journal of Science and Technology, University of Da Nang, 2.
Hoang, T., & Chu, M. N., (2008). Data Analysis Using SPPS. University of Economics Ho Chi Minh City, Hong Duc publisher, 2-3
Kolari, J., Glennon, D., Shin, H., & Caputo, M. (2002). Predicting large US commercial bank fail-ures. Journal of Economics and Business, 54(4), 361-387.
Jouzbarkand, M., Keivani, F. S., Khodadadi, M., Fahim, S. R. S. N., & Aghajani, V. (2013). Bankrupt-cy prediction model by Ohlson and Shirata models in Tehran Stock Exchange. World Applied Sci-ences Journal, 21(2), 152-156.
Le, C. H. (2017, 9 7). Overview of the 10-year Cycle of the Vietnamese Real Estate Market from an Expert Perspective. From Cafef,vn: http://cafef.vn/toan-canh-chu-ky-10-nam-cua-thi-truong-bds-viet-nam-duoi-goc-nhin-chuyen-gia-20170907110546653.chn
McClure (2004), Z Marks the End. Accessed December 24, 2014 from www.investopedia.com/articles/fundamental/.
Merton, R. C. (1974). On the pricing of corporate debt: The risk structure of interest rates. The Journal of finance, 29(2), 449-470.
Nguyen, T. H. (2009), Establishing a Credit Scoring Model for Enterprises in Vietnam During the Period of Economic Transformation. Doctoral thesis, National Economics University.
Nguyen, N. K. (2012), Factors Affecting Bankruptcy in Enterprises in Dong Nai Province. Master the-sis, Ho Chi Minh Economics University.
Odom, M.D.& Sharda, R. (1990). A Neural Network Model for Bankruptcy Prediction. Proceeding of theInternational Joint Conference on Neural Networks, San Diego, 2, 163-171.
Ohlson, J. A. (1980). Financial ratios and the probabilistic prediction of bankruptcy. Journal of account-ing research, 109-131, 18(1), 109-131.
Pongsatat, S., Ramage, J., & Lawrence, H. (2004). Bankruptcy prediction for large and small firms in Asia: a comparison of Ohlson and Altman. Journal of Accounting and Corporate Governance, 1(2), 1-13.
State Securities Commission of Vietnam. (2019). Listed companies.
Ugurlu, M., & Aksoy, H. (2006), Prediction of corporate financial distress in an emerging market: the case of Turkey. Cross Cultural management: An International Journal, 3(4), 277- 295.
Xu, M., & Zhang, C. (2009). Bankruptcy prediction: the case of Japanese listed companies. Review of Accounting Studies, 14(4), 534-558.