April 2013
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6 Reads
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305 Citations
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April 2013
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6 Reads
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305 Citations
... While a univariate approach by Beaver from the mid-1960s has proven insufficient to assume financial distress, multivariate models have gained prominence in football and beyond (Barajas & Rodríguez, 2014;Carin, 2019;Zoccali, 2012). Altman has developed a model that includes multiple ratios to detect financial risks, and its findings have demonstrated a high accuracy and robustness across different industries (Altman, 1968(Altman, , 2000(Altman, , 2013. In some studies, his multiple discriminant analyses have accurately classified up to 95% of the total sample correctly (Alaminos & Fernández, 2019;Altman, 2000). ...
April 2013