Financial analysis, based on ratio analysis, has been used as a
tool for analyzing the financial strength of corporations. Although
ratio analysis is generally used as a univariate strategy, the
accounting and finance literature has evolved to include
multivariate-based models in financial analysis, and these models
can be used to explain important economic events and often predict
them. Thus, in an exhaustive coverage of the economic events to
which they can be applied, Riahi-Belkaoui discusses these models in
a way that will have special value to corporate management,
financial planners, and to their colleagues in the academic
community who specialize in business and economic analysis.
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