EconPapers    
Economics at your fingertips  
 

An Empirical Analysis of Financially Distressed Italian Companies

Luca Sensini

International Business Research, 2016, vol. 9, issue 10, 75-85

Abstract: This paper investigates the performance of forecasting models for default risk referring to the annual balance sheet information of Italian firms. One of the main issues in bankruptcy predictions is related to the selection of the best set of indicators. Therefore, our main research question concerns the identification of the determinants of corporate financial distress, comparing the performance of innovative selection techniques. Furthermore, several aspects related to the default risk analysis have been considered, namely the nature of the numerical information and the sample design. The proposed models take in consideration the above-mentioned issues and the empirical results, elaborated on a data set of financial indices expressly derived from annual reports of the industrial firms. These reports provide evidence in favor of our proposal over the traditional ones.

Keywords: bankruptcy; default risk; variable selection (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.ccsenet.org/journal/index.php/ibr/article/view/62519/33568 (application/pdf)
http://www.ccsenet.org/journal/index.php/ibr/article/view/62519 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ibn:ibrjnl:v:9:y:2016:i:10:p:75-85

Access Statistics for this article

More articles in International Business Research from Canadian Center of Science and Education Contact information at EDIRC.
Bibliographic data for series maintained by Canadian Center of Science and Education ().

 
Page updated 2022-03-02
Handle: RePEc:ibn:ibrjnl:v:9:y:2016:i:10:p:75-85