ACADEMICIANS SEEM to be moving toward the elimination of ratio analysis as an analytical
technique in assessing the performance of the business enterprise. Theorists downgrade …

We report on the development, reliability, and validity of the Altman Self-Rating Mania Scale
(ASRM). The ASRM was completed during medication washout and after treatment by 22 …

This paper assesses the classification performance of the Z‐Score model in predicting
bankruptcy and other types of firm distress, with the goal of examining the model's usefulness for …

17.1 BACKGROUND This chapter discusses two of the venerable models for assessing the
distress of industrial corporations. These are the so-called Z-Score model (1968) and the …

The paper explores the development of a bankruptcy classification model which incorporates
comprehensive inputs with respect to discriminant analysis and utilizes a sample of …

In looking back over the first two editions of Corporate Financial Distress and Bankruptcy (1983
and 1993), we note that on both occasions of their publication the incidence and …

This paper traces developments in the credit risk measurement literature over the last 20
years. The paper is essentially divided into two parts. In the first part the evolution of the …

This study analyzes the comparison between traditional statistical methodologies for distress
classification and prediction, ie, linear discriminant (LDA) or logit analyses, with an artificial …

In this paper, empirical evidence with respect to both the direct and indirect costs of bankruptcy
is assessed. This should be of interest for three related reasons. First, there is a need to …

This study develops an alternative way to measure default risk and suggests an appropriate
method to assess the performance of fixed‐income investors over the entire spectrum of …