Studies employing various models in the measurement of financial distress in different markets have gained prominence in the last few decades. This study assesses the effectiveness and the generalisability of three bankruptcy prediction models, i.e., the original Altman Z-score model, Ohlson O-score model and the Zmijewski's model by using industry data from the ma...

Studies employing various models in the measurement of financial distress in different markets have gained prominence in the last few decades. This study assesses the effectiveness and the generalisability of three bankruptcy prediction models, i.e., the original Altman Z-score model, Ohlson O-score model and the Zmijewski's model by using industry data from the ma...