CHANG, BI-JUAN; CHANG, JOW-RAN; HUNG, MAO-WEI - In: Annals of Financial Economics (AFE) 09 (2014) 02, pp. 1440004-1
effects. This paper is concerned with distressed firms forecasting by the distance-to-default (DTD) and rare event logit (REL … characteristic (ROC) curves, we conclude that the REL model performs better than the DTD model. The data contains US-listed firms on …