Predicting financial stress in farm businesses
使用多项逻辑模型分析影响农场未来一年财务压力的因素，发现提高权益回报率能降低财务压力风险，对农业经营者和政策制定者有参考价值。
This study uses a multinomial logit (MNL) model to examine financial strategies which may influence the likelihood of a farm becoming financially stressed in the next year. The model is operationalised by categorizing farms into one of three financial stress categories and accompanied by a comprehensive range of specification tests. The MNL model highlights the importance of industry and farm-specific factors on the incidence of financial stress. The model confirms the importance of increasing returns to equity as a strategy for reducing the likelihood of being classified as financially stressed. Copyright 1998 by Oxford University Press.