Conflicting rankings corresponding to alternative performance criteria and measures are mostly reported in the mono-criterion evaluation of competing distress prediction models (DPMs). To overcome this issue, this study extends the application of the expert system to corporate credit risk and...

Small firms play an important role in most modern economies nevertheless they are not without their problems. Therefore, the development of business failure prediction models for small firms is quite important. In the present study we employ three multicriteria decision aid (MCDA) techniques for...

One of the essential elements of company's economic and financial evaluation is ratio analysis. It includes computation and interpretation of multiple bankruptcy risk ratios. When applying accounting ratios in a credit risk evaluation analysts typically either compute and interpret several...