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 …

The Securities and Exchange Commission, as a matter of policy, disclaims responsibility for
any private publication or statement by any of its employees. The views expressed herein …

We investigate whether environmental, social and governance (ESG) disclosure is related to
default risk. Using a sample of US nonfinancial institutions from 2006 to 2017, we find that …

While the analysis of the linkages between eco-innovative activities and financial
performance is a popular topic in the existing body of literature, many questions about these …

We investigate the relative importance of various bankruptcy predictors commonly used in
the existing literature by applying a variable selection technique, the least absolute …

Purpose Based on a sample of 1,872 firm-year observations for 573 global firms over the
period 2013–2016, this study aims to provide empirical evidence on how environmental …

The purpose of this paper is firstly to review the literature on the efficacy and importance of
the Altman Z-Score bankruptcy prediction model globally and its applications in finance and …

This study explores the survival of firms across countries, and what factors contribute to their
ability to withstand large-scale exogenous shocks, focusing on the COVID-19 pandemic …

Credit default swaps (CDS) have been growing in importance in the global financial
markets. However, their role has been hotly debated, in industry and academia, particularly …

Financial statement analysis has been used to assess a company's likelihood of financial
distress—the probability that it will not be able to repay its debts. Financial statement …