Do Traditional Financial Distress Prediction Models Predict the Early Warning Signs of Financial Distress?

Do Traditional Financial Distress Prediction Models Predict the Early Warning Signs of Financial Distress?

<b>Purpose:</b> This study aims to compare the prediction accuracy of traditional distress prediction models for the firms which are at an early and advanced stage of distress in an emerging market, Pakistan, during 2001&#8211;2015. <b>Design/methodology/approach:</b> The...

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Bibliographic Details
Main Authors: Sumaira Ashraf, Elisabete G. S. Félix, Zélia Serrasqueiro
Format: Article
Language:English
Published: MDPI AG 2019-04-01
Series:Journal of Risk and Financial Management
Subjects:
financial distress
emerging market
prediction models
Z-score
logit analysis
probit model
Online Access:https://www.mdpi.com/1911-8074/12/2/55

Internet

https://www.mdpi.com/1911-8074/12/2/55

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