During the last 40 years the growing apperarance of quantitative models about insolvency prediction in the financial and accounting literature has awakaned a great interest among the specialists and researchers of this field. What in the beginning were a few models with a sole objective, has evolved into a source of constant research In this paper an insolvency prediction model is formulated through a combination of different quantitative variables extracted from the Annual Accounts of sample firms for the period 1994-1997. Using a stepwise procedure, those variables which proved...