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Financial ratio distribution irregularities: Implications for ratio classification

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  • Martikainen, Teppo
  • Perttunen, Jukka
  • Yli-Olli, Paavo
  • Gunasekaran, A.

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Suggested Citation

  • Martikainen, Teppo & Perttunen, Jukka & Yli-Olli, Paavo & Gunasekaran, A., 1995. "Financial ratio distribution irregularities: Implications for ratio classification," European Journal of Operational Research, Elsevier, vol. 80(1), pages 34-44, January.
    • Handle: RePEc:eee:ejores:v:80:y:1995:i:1:p:34-44
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    References listed on IDEAS

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    1. Pinches, George E & Mingo, Kent A & Caruthers, J Kent, 1973. "The Stability of Financial Patterns in Industrial Organizations," Journal of Finance, American Finance Association, vol. 28(2), pages 389-396, May.
    2. Kanto, Antti J. & Martikainen, Teppo, 1992. "A test on a priori financial characteristics of the firm," European Journal of Operational Research, Elsevier, vol. 57(1), pages 13-23, February.
    3. Pinches, George E. & Eubank, Arthur A. & Mingo, Kent A. & Caruthers, J. Kent, 1975. "The hierarchical classification of financial ratios," Journal of Business Research, Elsevier, vol. 3(4), pages 295-310, October.
    4. Lee, Cwj, 1985. "Stochastic Properties Of Cross-Sectional Financial Data," Journal of Accounting Research, Wiley Blackwell, vol. 23(1), pages 213-227.
    5. Martikainen, Teppo & Ankelo, Timo, 1991. "On the instability of financial patterns of failed firms and the predictability of corporate failure," Economics Letters, Elsevier, vol. 35(2), pages 209-214, February.
    6. Martikainen, Teppo, 1992. "Time-series distributional properties of financial ratios: Empirical evidence from Finnish listed firms," European Journal of Operational Research, Elsevier, vol. 58(3), pages 344-355, May.
    7. Yli-olli, Paavo & Virtanen, Ilkka, 1989. "On the long-term stability and cross-country invariance of financial ratio patterns," European Journal of Operational Research, Elsevier, vol. 39(1), pages 40-53, March.
    8. Mensah, Ym, 1984. "An Examination Of The Stationarity Of Multivariate Bankruptcy Prediction Models - A Methodological Study," Journal of Accounting Research, Wiley Blackwell, vol. 22(1), pages 380-395.
    9. Martikainen, T, 1991. "A note on the cross-sectional properties of financial ratio distributions," Omega, Elsevier, vol. 19(5), pages 498-501.
    10. J. P. Royston, 1982. "The W Test for Normality," Journal of the Royal Statistical Society Series C, Royal Statistical Society, vol. 31(2), pages 176-180, June.
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    Cited by:

    1. Salvador Linares-Mustar'os & Maria `Angels Farreras-Noguer & N'uria Arimany-Serrat & Germ`a Coenders, 2022. "New financial ratios based on the compositional data methodology," Papers 2210.11138, arXiv.org.
    2. Germ`a Coenders & N'uria Arimany Serrat, 2023. "Accounting statement analysis at industry level. A gentle introduction to the compositional approach," Papers 2305.16842, arXiv.org, revised Sep 2024.
    3. Anastasia G. Maggina, 2008. "On the distributional properties of financial ratios in annual reports of Greek listed companies," International Journal of Managerial and Financial Accounting, Inderscience Enterprises Ltd, vol. 1(2), pages 166-183.
    4. MOHAMMADI, Maryam & MALEK, Afagh, 2012. "An Empirical Study Of Financial Performance Evaluation Of A Malaysian Manufacturing Company," Academica Science Journal, Economica Series, Dimitrie Cantemir University, Faculty of Economical Science, vol. 1(1), pages 95-102, November.
    5. Núria Arimany-Serrat & Andrey Felipe Sgorla, 2024. "Financial and ESG Analysis of the Beer Sector Pre- and Post-COVID-19 in Italy and Spain," Sustainability, MDPI, vol. 16(17), pages 1-17, August.

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