“…Zopounidis, 1987;Mareschal and Brans, 1991;Zopounidis et al, 1992;Diakoulaki et al, 1992;Siskos et al, 1994;Zopounidis and Doumpos, 1998;Emel et al, 2003). In the late 1990s, data envelopment analysis was introduced in credit risk evaluation as in Troutt et al (1996), Simak (1999) and more recently by Emel et al (2003), Paradi et al (2004) and Cielen et al (2004).…”