We present a new approach to evaluation of bankruptcy risk of firms based on the rough set theory. The concept of a rough set appeared to be an effective tool for the analysis of information systems representing knowledge gained by experience. The financial information system describes a set of...

The paper investigates the effect of the changes in the accounting standards on the efficiency estimates of the Greek banks. The paper presents the main changes in the accounting system for the Greek commercial banks with the adoption of IFRS. Using the financial reports of the banks for the...