Assessment and estimation of bankruptcy risk is important for managers in decision making for improving a firm's financial performance, but also important for investors that consider it prior to making investment decision in equity or bonds, creditors and company itself. The aim of this paper is...

Financial accounting information plays an important role in assessing and forecasting firms' financial performance. But besides that, there are other external factors affecting the performance of firms, such as economic and financial crises, which cause imbalances over the economy and affects...