Purpose This study updates the literature review of Jones (1987) published in this journal.
The study pays particular attention to two important themes that have shaped the field over …

The main purpose of this study is to examine the incremental information content of
operating cash flows in predicting financial distress and thus develop reliable failure …

The objectives of this study are to evaluate the impact of firm characteristics (firm size,
liquidity, profitability, and leverage), political connection and corporate governance …

We examine a sample of 459 firms filing for Chapter 11 during the period 1991–1998 and
find that our sample firms experience significant improvements in their operating …

This paper proposes a credit scoring model for the empirical assessment of default risk
drivers of ship** bank loans. A unique dataset, consisting of the credit portfolio of a ship …

Purpose–The objective of this paper is to develop a model that can predict financial distress
amongst public listed companies in Malaysia using the logistic regression analysis …

In any competitive economy, the risk of bankruptcy is pervasive. The research aims to
contribute in improving the predictive power of bankruptcy and insolvency risk among …

Advertising and research and development (R&D) benefit firms by increasing sales and
shareholder value. However, when a firm is in bankruptcy, the cumulative effects of its past …

This paper analyses business survival in 11,558 micro, small, and medium-sized firms
(MSMEs) between 2007 and 2015 in the Spanish hotel sector. Using hazard models, the …

Of the large, public companies that seek to remain in business through bankruptcy
reorganization, only 70 percent succeed. the assets of the other 30 percent are absorbed …