Purpose – The purpose of this paper is to use relevant financial information of private medium-sized failed and non-failed manufacturing firms in the UK, during the period 1994-2004 to determine whether corporate failure can be predicted by developing a Z-score...

This paper examines the phenomenon of bankruptcy prediction from a developing economy perspective using the Altman Z-score model. Drawing on empirical data from a sample of 15 non-failed and failed companies listed in Ghana Stock Exchange, we test our empirical model via a cross section of...

The purpose of this paper is to discuss corporate failure issues in the context of the global financial crisis. After considering some key issues, the paper shows how relevant these issues are relevant in the present financial fiasco. It is clear that corporate failure brings untold hardships to...

Cash flow prediction is an essential component of economic decision making, particularly in investment and credit evaluation. This paper examines the comparative predictive ability of earnings and operating cash flows variables on future operating cash flows within a developing economy's...