Business failure prediction using the UTADIS multicriteria analysis methodBusiness failure prediction using the UTADIS multicriteria analysis method Peer-Reviewed Journal Publication Δημοσίευση σε Περιοδικό με Κριτές 2015-10-271999enBusiness failure prediction is one of the most essential problems in the field of financial management. The research on developing quantitative business failure prediction models has been focused on building discriminant models to distinguish among failed and non-failed firms. Several researchers in this field have proposed multivariate statistical discrimination techniques. This paper explores the applicability of multicriteria analysis to predict business failure. Four preference disaggregation methods, namely the UTADIS method and three of its variants, are compared to three well-known multivariate statistical and econometric techniques, namely discriminant analysis, logit and probit analyses. A basic (learning) sample and a holdout (testing) sample are used to perform the comparison. Through this comparison, the relative performance of all the aforementioned methods is investigated regarding their discriminating and predicting ability.http://creativecommons.org/licenses/by/4.0/ Journal of the Operational Research Society1150 1138-1148 Zopounidis Konstantinos Ζοπουνιδης Κωνσταντινος Doumpos, Michael Capability, Financial (Financial literacy) Financial capability (Financial literacy) Literacy, Financial financial literacy capability financial financial literacy financial capability financial literacy literacy financial