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Fig 1.

Conceptual model of research.

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Table 1.

Overview of modern models for predicting business failure.

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Table 2.

Modern models–companies in bankruptcy.

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Table 3.

Modern models for predicting bankruptcy—"healthy companies".

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Table 4.

Case processing summary.

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Table 5.

Model fitting information.

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Table 6.

Likelihood ratio tests.

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Table 7.

Parameter estimates.

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