Entrepreneurship is traditionally considered as an 'outward-looking' phenomenon. Entrepreneurs initiate change by identifying and starting new trading opportunities, related to improved versions of existing commodities or new product or service concepts, which have been until then unknown to...

A large number of empirical studies have used univariate and multivariate statistical methods when examining the effectiveness of appropriately selected corporation data in constructing company default prediction models. Having accurate evaluation methods has become increasingly important since...

This paper applies mainstream statistical techniques (linear discriminant analysis and logistic regression) to a sample of over 6,000 Italian firms in the attempt to develop two distress prediction models, specifically constructed for SEs and taking into account diversity of size, geographical...

From as early as the 1960s, there have been a large number of studies aimed at assessing the application of statistical models to corporation data with a view to predicting business failure. This issue has become increasingly important in recent years, as the New Basel Capital Accord (Basel II)...