The problem of predicting corporate failures and bankruptcies has been an important concern for investors, executives and business partners. The owners of the bankrupt firm suffer legal, financial and personal consequences (e.g. damage to their reputation and business relationships, and difficulty in obtaining credit in the future) and the effect on the firm’s employees. Furthermore, owners can use this information to potentially take corrective action and prevent failure.
CITATION STYLE
Paradi, J. C., Sherman, H. D., & Tam, F. K. (2018). Financial services beyond banking: Corporate failure prediction. In International Series in Operations Research and Management Science (Vol. 266, pp. 283–311). Springer New York LLC. https://doi.org/10.1007/978-3-319-69725-3_17
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