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 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 …

Financial sustainability is underrepresented in both the research on and practice of
sustainability management and reporting. This article proposes a conceptual measure of …

The resource curse is an evolving phenomenon in the context of financial development. In
this paper, using the firm-level data, we assess the impact of resource curse on the banking …

Investor concerns about climate and other environmental regulatory risks suggest that these
risks should affect corporate bond risk assessment and pricing. We test this hypothesis and …

The outbreak of the Covid-19 pandemic has impeded the transition to sustainability and net-
zero targets. The immediate focus on health-related issues limits the progress of the pro …

In this study, we investigate the effect of carbon emissions on firms' default risk. While
existing literature exhibits the implications of emissions for firm performance and value, little …

This paper examines the relationship between green innovation and default risk using a
sample of 26,904 firm-year observations across 35 European countries from 2003 to 2019 …

Abstract Integrating Environmental, Social, and Governance (ESG) factors into credit risk
assessment is the new frontier for credit risk management as regulators and investors …

Hundreds of papers and factors attempt to explain the cross-section of expected returns.
Given this extensive data mining, it does not make sense to use the usual criteria for …