Dynamism in Corporate Bankruptcy Modeling Techniques - a Review

Abstract

Before making a review of corporate bankruptcy modeling techniques, a brief discussion on the necessity of bankruptcy prediction and its associate difficulties becomes imperative. Bankruptcy prediction of industrial units is not a new phenomenon. It has always been a research issue in the corporate world. Prediction of bankruptcy facilitates early detection of distress symptoms to save an industrial unit from falling sick, or, at least, adoption of some revival measures for an industrial unit which has already become sick/distressed.