Corporate Financial Distress: A Study of the Italian Manufacturing Industry

Introduction

1. The genesis of Corporate Financial Distress (FD)

1.1. FD in the prior literature

1.2. The process of FD

1.3. Costs incurred in FD

2. Models of Corporate Financial Distress risk assessment

2.1. Models of Corporate Financial Distress risk assessment

2.3. Altman's multivariate analysis (1968)

2.4. The model of Ohlson (1980)

2.5. The model of Zmijewski (1984)

2.6. The Neural Networks of Etheridge and Sriram (1997)

2.7. Other models of Financial Distress

2.8. Accounting-based or market-based models?

3. Empirical analysis

3.1. Research design and Hypothesis

3.2. Sampling and data analysis on Italian manufacturing industries

3.3. Variable descriptions

3.4. Model setup: The Logit Regression

3.5. Empirical results