Titolo Early Warning Systems for financial crises prediction Periodico Financial reporting Anno: 2024 - Fascicolo: 2 - Pagina iniziale: 133 - Pagina finale: 161
Purpose: This study compares models for predicting business financial crises, fo-cusing on which are most effective. In light of the new European Directive on business failure, it highlights a trade-off between predictive accuracy and timeli-ness in static models and offers an alternative approach.