Over the last 35 years, business failure prediction has become a major research domain
within corporate finance. Numerous corporate failure prediction models have been …

内容提要: 本文以我国上市公司为研究对象, 选取了70 家处于财务困境的公司和70
家财务正常的公司为样本, 首先应用剖面分析和单变量判定分析, 研究财务困境出现前5 …

This paper explores the determinants of corporate failure and the pricing of financially
distressed stocks whose failure probability, estimated from a dynamic logit model using …

This paper is a critical review of the variable selection methods used to build empirical
bankruptcy prediction models. Recent decades have seen many papers on modeling …

Considering the fundamental role played by small and medium sized enterprises (SMEs) in
the economy of many countries and the considerable attention placed on SMEs in the new …

This study examines how ownership structure and conflicts of interest among shareholders
under a poor corporate governance system affected firm performance before the crisis …

Within the commercial client segment, small business lending is gradually becoming a major
target for many banks. The new Basel Capital Accord has helped the financial sector to …

Small firms differ from large firms in taxability, ownership, flexibility, industry, economies of
scale, financial market access, and level of information asymmetry. We investigate the …

Predicting corporate bankruptcy is one of the fundamental tasks in credit risk assessment. In
particular, since the 2007/2008 financial crisis, it has become a priority for most financial …

Research on corporate financial distress is relatively young in comparison to knowledge
about mechanisms and processes in sound enterprises. Large failures and corporate …