Abstract
Until now, financial performance indicators as a means of default forecast tools have been less frequently employed in Europe than in the United States; a widespread practice in fact is that each financial institution develops and applies its own bankruptcy prediction model. One of the most relevant indicators in the United States has historically been the Z-Score model, developed by Professor E. Altman in the late sixties.
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© 2013 Andrea Cerri and Gimede Gigante
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Cerri, A., Gigante, G. (2013). Estimating the Probability of Financial Distress in European Markets: Prediction Models and Empirical Applications. In: Falzon, J. (eds) Bank Performance, Risk and Securitization. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9781137332097_4
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DOI: https://doi.org/10.1057/9781137332097_4
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