Bettina, Lis; Christian, Nessler; Jan, Retzmann - In: Studies in Business and Economics 6 (2011) 2, pp. 60-90
Accord framework in order to evaluate the models, we use Receiver Operating Characteristic (ROC) and Cumulative Accuracy … Profile (CAP) techniques. We find that the Logit model outperforms the Altman as well as the KMV model. Furthermore, we find …