The recent crisis highlighted, once again, the importance of early warning models to assess the soundness of individual banks. In the present study, we use six quantitative techniques originating from various disciplines to classify banks in three groups. The first group includes very strong and...

Risk a basic parameter of portfolio selection and its modelling involves some difficulties. Thus, more and more researchers try to find a solution to this problem proposing other measures than the classic ones used in portfolio selection. On the other hand, Multicriteria Decision Aid has known a...

Falsifying financial statements involves the manipulation of financial accounts by overstating assets, sales and profit, or understating liabilities, expenses or losses. This paper explores the effectiveness of an innovative classification methodology in detecting firms that issue falsified...

Although the banking sector in the UK is one of the most open and it is characterized by an increasing foreign bank presence, it remains relatively under-researched compared to studies for other countries. The objective of this paper is to investigate the performance of the UK banking sector...

Outranking methods constitute an important class of multicriteria classification models. Often, however, their implementation is cumbersome, due to the large number of parameters that the decision maker must specify. Past studies tried to address this issue using linear and nonlinear...

Following the oil crisis, most developed countries have increasingly implemented measures for energy conservation and fuels substitution aimed at decreasing the energy intensities of their economies. These efforts have been further augmented during the eighties due to growing awareness of...

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...