Preprint Review Version 1 Preserved in Portico This version is not peer-reviewed

Decoding Financial Futures: The Power of Numerical Indicators in Predicting Bankruptcy

Version 1 : Received: 23 December 2023 / Approved: 25 December 2023 / Online: 25 December 2023 (10:25:37 CET)

How to cite: Billios, D.; Seretidou, D.; Stavropoulos, A. Decoding Financial Futures: The Power of Numerical Indicators in Predicting Bankruptcy. Preprints 2023, 2023121864. https://doi.org/10.20944/preprints202312.1864.v1 Billios, D.; Seretidou, D.; Stavropoulos, A. Decoding Financial Futures: The Power of Numerical Indicators in Predicting Bankruptcy. Preprints 2023, 2023121864. https://doi.org/10.20944/preprints202312.1864.v1

Abstract

The review aims to examine how well numerical indicators of business bankruptcy can predict outcomes. The paper examines ten critical studies that concentrate on statistical models for bankruptcy predictions utilizing PRISMA criteria. The findings highlight the usefulness of numerical indicators in indicating financial hardship, particularly cash flow ratios. In order to connect theoretical knowledge with real-world corporate strategy applications, the study ends by reaffirming the importance of these indicators in strategic decision-making.

Keywords

bankruptcy; early warning; failure prediction; financial distress; prediction; forecasting; numerical indicators; statistical analysis; PRISMA standards.

Subject

Business, Economics and Management, Finance

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