The determinants of corporate failure in Italian, Spanish and French small and medium-sized enterprises are investigated in order to find out whether the predictors of financial distress in the countries are the same or not. In order to compare the determinants of financial distress,...

This paper discusses a number of issues that are relevant when setting up a credit-scoring model and tests the assumptions used in accounting-based credit-scoring models. A nonstandard comparison of two hazard models with differently specified hazard functions is made: one with a logit...