Financial Distress and Prediction Models

Financial Distress is the stage before Bankruptcy where the firm finds itself in difficult situation to pay obligation to its creditors and other stakeholders.The early recognition of it helps firm to get relaxation from its danger zone.The prediction of financial distress and corporate insolvency has been the matter of talk throughout the world. A lot of publication has been issued and lots of results have been represented. New techniques and methodology are created constantly. But very few st ...