CASTUCenter for Advanced Study Tsinghua University (China)
References in periodicals archive ?
FLEX, ASTU and CASTU on Dn, stock exchange delisting is statistically significant with a significant level of 0.
Referring to the ASTU or CASTU ratios of activity that were identified as having a significant impact on the delisting risk, in Turkey, Ugurlu and Aksoy (2006) found similar variables for a company's delisting probability and Chi and Tang (2006) making a bankruptcy risk study in seven capital markets from Asia and the Pacific (Hong Kong, Japan, Korea, Malaysia, Singapore, Thailand and the Philippines) they identified the Fixed Assets turnover ratio as having a significant impact in predicting bankruptcy.
For two of the three resulted variables, specifically for FLEX and CASTU the results are aligned with the expectations based on the economic theory.