Abstract:Financial failure refers to the situation in which the company changes or terminates its activities due to the inability to fulfil its financial obligations. Many studies have been carried out in order to predict this undesirable situation. Various models have been created in accounting-based studies using financial ratios. The most widely used of these models are Altman (1968), Springate (1978), Ohlson (1980), Fulmer (1984), Zmijewski (1984) and Grover (2001). The results obtained by using these models are fo… Show more
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