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Since 2006 more than 60 finance companies failed in New Zealand. This inflicted massive financial loss on investors in these companies. Drawing on the conservatism convention, we argue and document that the trends of earnings, accruals and loan impairment loss prior to failure provide indication of financial distress.
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This page is a summary of: The Behaviour of Earnings, Accruals and Impairment Losses of Failed New Zealand Finance Companies, Australian Accounting Review, September 2014, Wiley,
DOI: 10.1111/auar.12028.
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