Comparing Models of Corporate Bankruptcy Prediction: Distance to Default vs. Z-Score

The Pricing of Options and Corporate Liabilities

Fischer Black, Myron S. Scholes · Journal of Political Economy · 1973 · 29.4K citations

Business, Economics, Finance +13

ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*

Robert C. Merton · The Journal of Finance · 1974 · 11K citations · Full text

Business, Finance, Asset Pricing +16

CORPORATE DISTRESS PREDICTION MODELS IN A TURBULENT ECONOMIC AND BASEL II ENVIRONMENT

Edward I. Altman · The Faculty Digital Archive (New York University) · 2002 · 69 citations · Full text

Business, Finance, Risk Management +17

Improving the Comparability of Insolvency Predictions

Martin Bemmann · SSRN Electronic Journal · 2005 · 23 citations · Full text

Business, Meteorology, Forecasting +14