The deterioration in profitability of listed companies not only threatens the interests of the enterprise and internal staff, but also makes investors face significant financial loss. It is important to establish an effective early warning system for prediction of financial crisis for better...

New logit models for predicting bankruptcy of Polish companies are presented. Major features of these approaches are: (1) selection of appropriate companies to the sample as the key step of the research, (2) well defined samples, (3) the reasoning based on the unified financial state-ments and...

This paper investigates empirically the relevance of external, domestic, and financial weaknesses as well as trade and financial linkages in inducing financial crises for a sample of 61 emerging market and industrial countries. A panel probit estimation finds these economic indicators to be...

The ongoing global financial crisis is rooted in a combination of factors common to previous financial crises and some new factors. The crisis has brought to light a number of deficiencies in financial regulation and architecture, particularly in the treatment of systemically important financial...

In this paper potential financial linkages between liquidity and bank solvency measures in advanced economies and emerging market (EM) bond and stock markets are analyzedduring the latest crisis. A multivariate GARCH model is estimated in order to gauge the extent of co-movements of these...

The study examines main determinants of financial distress of companies in Poland during the recent transformation period. The data compose a sample of 1995-97 annual financial statements of 200 unlisted companies in Poland. The sample was collected by the Institute of Economics of the Polish...

The Selected Issues paper analyzes the health of the corporate sector, areas of vulnerability, and the effect of corporate restructuring in Japan. It reviews the deflation and associated economic problems of Japan, demonstrates the impact of fiscal policies on public debt, and estimates the...