This study aims to test eight well-known and widely used financial distress prediction models and to compare their performance in Turkey for the first year prior to failure. The comparison is enriched with the details of four new and simple model proposals, namely Failure Score (F-Score) Models,...

Actual investment performance reflects the underlying strategy of the portfolio manager and the execution costs incurred in realizing those objectives. Execution costs, especially in illiquid markets, can dramatically reduce the notional return to an investment strategy. This paper examines the...

Actual investment performance reflects the underlying strategy of the portfolio manager and the execution costs incurred in realizing those objectives. Execution costs, especially in illiquid markets, can dramatically reduce the notional return to an investment strategy. This paper examines the...

The gateway, or stepping stone, hypothesis is important as it has had considerable influence on drug policy and legislation in many countries. The gateway hypothesis offers one possible explanation for young people's development of serious drug problems. It simply states that the use of one drug...

Factors affecting the incidence of the cotton leaf curl virus (CLCV) in Punjab, Pakistan are investigated using a probit model. The results indicate that the history of a cotton valiety grown on the farm, better land preparation before sowing, and use of pesticides and phosphorus fertiliser...

In this paper we study a new type of latent model in which only the rank statistics of the depen- dent variable is observed. This problem appears naturally in the microeconometric literature, in particular in the case of the parametric estimation of a production function when the output is...