An Analysis of Post‐Deregulation Savings‐and‐Loan Failures
研究了1984年第二季度至1985年第一季度期间失败的储蓄与贷款机构的财务特征，使用单变量均值差异检验和多变量逻辑回归，并考虑了先验概率和误分类成本，结果与以往研究不同。
A number of studies have looked at the financial characteristics of problem or failed savings and loans but none have used data taken exclusively from the post‐deregulation period. In this paper, the financial characteristics of savings and loan associations that failed during the period 1984‐II to 1985‐I are analyzed, using both univariate difference in means tests and multivariate logistic regression. Both the known unequal population prior probabilities and the estimated unequal misclassification costs are taken into account in the logistic regression. The empirical results are compared to those of recent studies by Benston [7] and Barth, Brumbaugh, Sauerhaft and Wang [5] . The financial ratios that significantly affect the probability of failure are different in the three studies.