... Publishing Limited 2012 United States of America Accounting Modelling Business failures Corporate collapse Financial ratios Multiple discriminant analysis Multi‐classification constrained‐covariance regression analysis The shift from univariate to multivariate ratio‐based modeling...

...Fen‐May Liou; Chien‐Hui Yang Purpose The objective of this paper is to stress the importance of detecting financial frauds in predicting business failures disclosed by the unexpected financial crisis brought by Enron, Worldcom and other corporate distresses involving accounting irregularities...