We propose new specifications that explicitly account for information noise in the input data of bankruptcy hazard models. The specifications are motivated by a theory of modeling credit risk with incomplete information (Duffie and Lando [2001]). Based on over 2 million firm-months of data...

This article focuses on a study whose thesis was to ascertain whether current bankruptcy forecasting models are effective in relation to companies involved in international commercial road transport. In the case of the international commercial road transport sector, the best foreign model – in...