重组成本及其预测分析

IF 0.9 Q3 BUSINESS, FINANCE
Yi Ren, Dong Xiao
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引用次数: 0

摘要

随着企业重组的日益频繁,与重组相关的会计信息在财务报告中的重要性日益凸显。我们首先研究了重组成本对股票收益的影响,发现与无重大重组成本的公司相比,有重大重组成本的公司股票表现更差。然后,我们建立了预测模型来预测未来重组成本的发生。该预测模型在训练数据上的 AUC(曲线下面积)为 0.84,在使用样本外验证时的 AUC 为 0.77。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Restructuring cost and its prediction analysis

Given the ever-increasing occurrence of corporate restructuring, the relevance of accounting information related to restructuring became more important in financial reporting. We first examine how restructuring cost affects stock returns and find firms with significant restructuring costs have worse stock performance compared with firms without significant restructuring costs. We then establish prediction model to predict the incurrence of future restructuring cost. The performance of the prediction model achieves an AUC (the area under curve) of .84 on the training data and an AUC of .77 when using out-of-sample validation.

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来源期刊
CiteScore
2.30
自引率
7.10%
发文量
69
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