Forecasting corporate bankruptcy constitutes an integral and relevant part of financial statement analysis and business … ratios are evaluated and compared in terms of the accuracy of their bankruptcy predictions, within a sample of data from the … Polish market. The study is based on a sample of 80 firms, in which case at least one bankruptcy filing was announced in a …

As of today there are a lot of well-known bankruptcy prediction models. Scientists have been paying much attention to … the development of bankruptcy prediction models since 1970. However, most of them are unable to predict bankruptcy …, thereby making it impossible for firms to prevent it today. The paper researches predictive ability of existing bankruptcy …

The paper investigates predictive ability of existing bankruptcy prediction models suitable for small business by using … dates of accounting report of Russian's firms. Combination of financial ratios analysis with bankruptcy prediction models …

Do leveraged buyout transactions increase the chance of bankruptcy? While corporate finance theory predicts that such … sharp changes in capital structure increase financial distress costs by raising the probability of bankruptcy for each … 10 years after going private, we find a bankruptcy rate of approximately 20%, an order of magnitude greater than the 2 …

trading off tax benefits from debt with bankruptcy costs, we analyze firms' optimal capital structure. Total firm value in the … default risk. In this case, the bankruptcy cost is zero, so there is no cost of including debt in the capital structure. All …

This paper examines bankruptcy costs using market prices of equity and put options during the financial crisis. Our … approach avoids the downward selection bias and the upward bias when using the tradeoff theory to estimate bankruptcy costs …. While the average bankruptcy cost is about 20%, we find wide variation across and within industries. Costs are related …

analysis in this study is based on modelling the time interval between foundation of the company and its bankruptcy. In this … liquidity can be considered as key variables in the hazard of corporate bankruptcy. Thus, the main contribution of this paper is …