Publications 2012 Nonstatistical Factors Influencing Predictions of Financial Distress and Managerial Implications in the All-Cargo Airline Industry Robert O. Walton Embry-Riddle Aeronautical University,
[email protected] Follow this and additional works at: https://commons.erau.edu/publication Part of the Corporate Finance Commons, Finance and Financial Management Commons, and the Transportation Commons Scholarly Commons Citation Walton, R. O. (2012). Nonstatistical Factors Influencing Predictions of Financial Distress and Managerial Implications in the All-Cargo Airline Industry. Nonstatistical Factors Influencing Predictions of Financial Distress and Managerial Implications in the All-Cargo Airline Industry, (). Retrieved from https://commons.erau.edu/publication/1358 This Article is brought to you for free and open access by Scholarly Commons. It has been accepted for inclusion in Publications by an authorized administrator of Scholarly Commons. For more information, please contact
[email protected]. Nonstatistical Factors Influencing Predictions of Financial Distress and Managerial Implications in the All-Cargo Airline Industry Dissertation Submitted to Northcentral University Graduate Faculty of the School of Business in Partial Fulfillment of the Requirements for the Degree of DOCTOR OF PHILOSOPHY IN BUSINESS ADMINISTRATION by ROBERT O. WALTON Prescott Valley, Arizona March 2012 Copyright 2012 Robert O. Walton ii Abstract All-cargo airlines carry over 50% of global airfreight, yet they are prone to bankruptcy. Many financial models are designed to predict a firms' financial health, but they do not assess many nonstatistical factors that influence the prediction capability of these models. In this study, qualitative grounded theory design was used to identify nonstatistical factors and explore how they influence bankruptcy prediction models in the all-cargo airline industry.