Ashraf, Sumaira; Félix, Elisabete Gomes Santana; … - In: Journal of risk and financial management : JRFM 12 (2019) 2/55, pp. 1-17
: The results indicate that the three-variable probit model has the highest overall prediction accuracy for our sample …, while the Z-score model more accurately predicts insolvency for both types of firms, i.e., those that are at an early stage …