Early warning detection using Logic Learning Machine : Evidence from private firms

and are subject to less scrutiny than public firms. Practical implications: Our results have practical implications considering the recently enforced EU Insolvency Directive, which imposes the implementation of early warning tools that should be easy to use for all entities across all Member States. By using publicly available data on early distress procedures activated by companies, we build an early warning detection system that can be easily employed by companies of all sizes and types. [Publisher's text]