In this paper we use a sample of 894 banks from 79 countries to develop a multicriteria decision aid model, for the classification of banks in three groups on the basis of their soundness. The model is developed with the UTADIS method, through a ten-fold cross-validation procedure using six...

This study investigates the efficiency of k-Nearest Neighbours (k-NN) in developing models for estimating auditors' opinion, as opposed to models developed with discriminant and logit analyses. The sample consists of 5,276 financial statements, out of which 980 received a qualified audit...

In the present study we investigate the development of a classification model for discriminating between bankrupt, financially distressed and non-failed firms. The sample consists of 44 Greek firms that filed for bankruptcy over the period 2000-2003, 32 distressed firms that had serious...

We use country-level data and bank level data from 71 countries and 857 banks to investigate the impact of bank regulations, supervision, market structure, and bank characteristics on individual bank ratings. The results indicate that less cost efficient banks with higher than average levels of...

All UK companies are required by company law to prepare financial statements that must comply with law and accounting standards. With the exception of very small companies, financial accounts must then be audited by UK registered auditors who must express an opinion on whether these statements...

We propose a holistic evaluation framework that banks could adopt when screening corporate entities. The framework is based on the development of a composite indicator of social, environmental and financial performance. This integrated view of evaluation is conceptually aligned with ISO...

Preface – by Chrysovalantis Gaganis, Fotios Pasiouras, Menelaos Tasiou, Constantin Zopounidis -- Chapter 1 – The changing role of banks in the financial system: social versus conventional banks, by Simon Cornée, Anastasia Cozarenco, Ariane Szafarz -- Chapter2 – ESG issues as strategic...

This paper uses discriminant and logit analyses to develop prediction models to identify bank acquisition targets. We consider several methodological issues, such as whether the choice of the estimation technique, the selection of variables, the use of raw versus industry relative data, the...