Business Failure Classification Models: An International Survey

Abstract

Business failure identification and early warnings of impending financial crisis are important not only to analysts and practitioners in the United States. Indeed, countries throughout the world, even non-capitalist nations, have been concerned with individual entity performance assessment. Developing countries and smaller economies, as well as the larger industrialized nations of the world, are vitally concerned with avoiding financial crises in the private and public sectors. Some policy makers in smaller nations are particularly concerned with financial panics resulting form failures of individual entities.