We use a large panel dataset that includes nearly 31,000 Greek private firms to investigate which variables impact on the prediction of corporate financial distress. Based on a multi-period logit model that accounts for industry effects, we identify six firm-specific variables that best describe...

The Korea government offers technology credit guarantee service to many technology-based small and medium enterprises (SMEs) suffering from funding problems. Many advanced application credit scoring models have been developed based on technology to reduce the high default rates of this service....

The aim of this study was to evaluate the effects of economical crises occurred in Turkey in 1994 and 2001 and encountered globally in 2008 on Turkish Manufacture Industry. For this aim, effects of the crises on the manufacture industry were revealed by Factor and Discrimination Analysis using...

The U.S. green industry (floriculture and environmental horticulture) is the fastest growing agricultural sector in grower cash receipts, with an average annual growth rate of 9 percent since 1982. Green industry crops totaled $8.7 billion in grower cash receipts, earned 11 percent of the total...

The financial crisis of 2008, and the associated bear market lasting from October 2007 to March 2009, has had a significant impact on a broad cross section of firms in the global economy. Of particular interest to us in this study is the effect of this time period on the financial...

The current global financial crisis has revealed many failures of the conventional banking system. However, this context of turbulences has presented the Islamic banking system with a great opportunity to introduce its fundamental methods and principles inspired from the Islamic Shariah law. The...

Agribusinesses represent a fundamental link in connecting farmers with retailers and consumers, yet little research has been done to examine the historical financial performance of these food processing firms. Our research examines how publicly-traded agribusinesses perform financially compared...

We propose a corporate default rating process for the Taiwan Stock Market which incorporates financial ratios, corporate governance, macroeconomic variables and financial media reports. Multi-measurements of the ‘distress intensity of default-corpus’ (DIDC) using linguistic analysis are...

The aim of this paper is to analyze how the relationship between corporate governance mechanisms and business failure changes in small enterprises (SEs) compared to larger firms.

We investigate the relative importance of various bankruptcy predictors commonly used in the existing literature by applying a variable selection technique, the least absolute shrinkage and selection operator (LASSO), to a comprehensive bankruptcy database. Over the 1980–2009 period, LASSO...