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Full-Text Articles in Business
Technical Default, Auditors' Decisions And Future Financial Distress, Michael S. Wilkins
Technical Default, Auditors' Decisions And Future Financial Distress, Michael S. Wilkins
School of Business Faculty Research
A study was conducted to examine auditors' responses to first-time debt covenant violations and to assess whether these responses can be employed to forecast financial distress. Data were drawn from a sample of 159 companies traded on the NYSE/AMEX or NASDAQ that had initial default dates ranging from 1978 to 1988. The findings reveal that auditors are more likely to need debt reclassification when the violations are not waived by lenders. However, the waiver decision does not seem to significantly affect the auditor's qualification decision. For companies experiencing technical default, the audit option is an important determinant of future financial …
The Flexible Executive Mindset: How Top Management Should Look At Tomorrow’S Markets, Gene R. Laczniak, Robert F. Lusch
The Flexible Executive Mindset: How Top Management Should Look At Tomorrow’S Markets, Gene R. Laczniak, Robert F. Lusch
Marketing Faculty Research and Publications
The need for management to better anticipate the future is the urgent message currently being advocated by consultants in strategic market planning. Uses a survey of high-level managers from Fortune 1,000 corporations to illustrate the advantages of cultivating a flexible mindset concerning environmental trends and their strategic marketing implications. Reviews projected developments in the economy, technology, ecology and the social/political environments that are expected to occur by 2005. Discusses appropriate marketing responses to these trends.