Clas Ohlson company was founded in 1918 by the technically minded Clas Ohlson (1895–1979), as a mail order business based in the Swedish village of Insjön, Dalarna. Initially, only manuals and technical literature were sold, thus allowing people who lived in rural communities to obtain literature that would otherwise be unavailable. He opened his first shop in Insjön in 1926, but it was not until 1989, when the company opened a store in a shopping centre in central Stockholm, that it expanded into the retail business. The first store outside Sweden was opened 1991 in Oslo in Norway and in 1999, the
Ohlson o-score mathematical model is 100% accurate, so while the O-Score may forecast bankruptcy or solvency, factors both inside and outside of the formula can impact its accuracy. Furthermore, later bankruptcy prediction models such as the hazard based model proposed by Campbell, Hilscher, and Szilagyi in 2011 have proven more accurate still. For the O-Score, any results larger than 0.5 suggests that the firm will default within two years. Ohlson o-score The Ohlson O-Score for predicting bankruptcy is a multi-factor financial formula postulated in 1980 by Dr. James Ohlson of the New York University Stern Accounting Department as an alternative to the