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Management Review Quarterly

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27.03.2021

Bankruptcy prediction for private firms in developing economies: a scoping review and guidance for future research

verfasst von: Frank Ranganai Matenda, Mabutho Sibanda, Eriyoti Chikodza, Victor Gumbo

Erschienen in: Management Review Quarterly | Ausgabe 4/2022

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Abstract

The majority of studies on corporate bankruptcy detection are devoted to publicly-traded firms in advanced economies. Literature on bankruptcy prediction for private corporations is generally restricted and that for such corporates in undeveloped markets is even more limited. Existent evidence on privately-owned corporate bankruptcy forecasting is substantially dedicated to advanced countries. Implementing a scoping review structure of Arksey and O’Malley (Int J Law Manag 57:461–485, 2005), this paper carries out a review of literature concerning bankruptcy forecasting for privately-held firms in undeveloped economies. The main emphasis of the scoping review is to examine the reasons and motives for research, emerging trends and research gaps in modelling bankruptcy risk for private corporations in developing countries. The results of this scoping review show that the estimation of bankruptcy probability for privately-traded corporations in developing economies is a relevant discipline that has not been appropriately examined and has some unique and unexplored areas due to its sophistication and distinctive business ethos of private corporates.

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Titel: Bankruptcy prediction for private firms in developing economies: a scoping review and guidance for future research
verfasst von: Frank Ranganai Matenda
Mabutho Sibanda
Eriyoti Chikodza
Victor Gumbo
Publikationsdatum: 27.03.2021
Verlag: Springer International Publishing
Erschienen in: Management Review Quarterly / Ausgabe 4/2022
Print ISSN: 2198-1620
Elektronische ISSN: 2198-1639
DOI: https://doi.org/10.1007/s11301-021-00216-x

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Bankruptcy prediction for private firms in developing economies: a scoping review and guidance for future research

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