This study considers the novel topic of comparing firm failure processes between different countries. For seventy bankrupt Finnish firms corresponding pairs are found among Estonian bankrupt firms based on industry, size and time of bankruptcy. Despite the similarity of firms from two countries,...

There remains little consensus about how to define and formulate audit quality. It does not have a consistent definition and operationalization across studies and this has troubled theorists for many years. This study contributes to this discussion by introducing a probability tree model of...

The objective of this study is to predict the failures of small entrepreneurial firms re-organised according to the Finnish Company Reorganisation Act (FCRA). The purpose of FCRA is to assist temporarily financially distressed firms that are expected to make a viable recovery and able to pay...