A survey of business failures with an emphasis on prediction methods and industrial applications

A. I. Dimitras, S. H. Zanakis, C. Zopounidis

Research output: Contribution to journalReview articlepeer-review

326 Citations (Scopus)

Abstract

The considerable interest in the prediction of business failures is reflected in the large number of studies presented in the literature. Various methods have been used to construct prediction models. This paper provides a review of the literature and a framework for the presentation of this information. Articles can be classified according to the country, industrial sector and period of data, as well as the financial ratios and models or methods employed. Relationships and research trends in the prediction of business failure are discussed.

Original languageEnglish
Pages (from-to)487-513
Number of pages27
JournalEuropean Journal of Operational Research
Volume90
Issue number3
DOIs
Publication statusPublished - 10 May 1996

Keywords

  • Business failures
  • Statistical analysis

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