..., whereas that for the MCS utilizes multi-classification constrained-covariance regression analysis. Findings – Based on a unified data set of 112 collapsed companies and 341 non-collapsed companies utilised across both the DCS and the MCS, the results indicate that whilst both classification schemes...

... Accounting Modelling Business failures Corporate collapse Financial ratios Multiple discriminant analysis Multi‐classification constrained‐covariance regression analysis The persistence of, and inconsistency in, the variations between Type I error – erroneously classifying a company...