Tomczak, Sebastian Klaudiusz; Staszkiewicz, Piotr - In: Journal of risk and financial management : JRFM 13 (2020) 2/34, pp. 1-10
The post-Altman models suffer from moral amortization. This paper asks whether models developed in one country can be applied in other economies. One of the characteristics of the prediction model is that a date drives the estimation. Thus, the estimated model based on one economy is not...
