Similar Search Results

Is artificial intelligence really more accurate in predicting bankruptcy?

Letkovský, Stanislav; Jeňcová, Sylvia; … - In: International Journal of Financial Studies : open … 12 (2024) 1, pp. 1-19

Predicting bankruptcy within selected industries is crucial because of the potential ripple effects and unique … aims to develop bankruptcy prediction models for the chemical industry in Slovakia and to compare their effectiveness …. The selection of eleven financial indicators used for bankruptcy prediction was grounded in prior research and existing …

Persistent link: https://www.econbiz.de/10014502270

Financial distress prediction of cooperative financial institutions : evidence for Taiwan Credit Unions

Kang, Chien-Min; Wang, Ming-Chieh; Lin, Lin - In: International Journal of Financial Studies : open … 10 (2022) 2, pp. 1-25

In response to relatively little evidence on the determinants of the financial distress in cooperative financial institutions (e.g., Credit Unions), this paper proposes a distress indicator of Merton Distance to default (Merton DD), which was constructed with a z-score, possessed improved...

Persistent link: https://www.econbiz.de/10013252781

Validation of corporate probability of default models considering alternative use cases

Jacobs, Michael <Jr.> - In: International Journal of Financial Studies : open … 9 (2021) 4, pp. 1-22

In this study, we consider the construction of through-the-cycle ("TTC") PD models designed for credit underwriting uses and point-in-time ("PIT") PD models suitable for early warning uses, considering which validation elements should be emphasized in each case. We build PD models using a long...

Persistent link: https://www.econbiz.de/10012698321

Reliability and accuracy of alternative default prediction models : evidence from Slovakia

Rybárová, Daniela; Majdúchová, Helena; Štetka, Peter; … - In: International Journal of Financial Studies : open … 9 (2021) 4, pp. 1-33

The aim of this paper is to assess the reliability of alternative default prediction models in local conditions, with subsequent comparison with other generally known and globally disseminated default prediction models, such as Altman's Z-score, Quick Test, Creditworthiness Index, and Taffler's...

Persistent link: https://www.econbiz.de/10012698358

Non-Performing loans for Italian companies : when time matters. an empirical research on estimating probability to default and loss given default

Orlando, Guiseppe; Pelosi, Roberta - In: International Journal of Financial Studies : open … 8 (2020) 4/68, pp. 1-22

Within bank activities, which is normally defined as the joint exercise of savings collection and credit supply, risk-taking is natural, as in many human activities. Among risks related to credit intermediation, credit risk assumes particular importance. It is most simply defined as the...

Persistent link: https://www.econbiz.de/10012321142

Analysis of bankruptcy threat for risk management purposes : a model approach

Wieczorek-Kosmala, Monika; Błach, Joanna; Trzęsiok, Joanna - In: International Journal of Financial Studies : open … 6 (2018) 4, pp. 1-17

bankruptcy threat, with the explanation of risk impact on higher bankruptcy costs or the underinvestment problem. However, the …

Persistent link: https://www.econbiz.de/10011963925

On unbalanced sampling in bankruptcy prediction

Gruszczyński, Marek - In: International Journal of Financial Studies : open … 7 (2019) 2/28, pp. 1-13

The paper discusses methodological topics of bankruptcy prediction modelling—unbalanced sampling, sample bias, and … unbiased predictions of bankruptcy. Bankruptcy models are typically estimated with the use of non-random samples, which creates …. We offer an extended view of the relationship between the biased and unbiased estimated probabilities of bankruptcy …

Persistent link: https://www.econbiz.de/10012038732

The impact of capital structure on risk and firm performance : empirical evidence for the Bucharest stock exchange listed companies

Nenu, Elena Alexandra; Vintilă, Georgeta; Gherghina, … - In: International Journal of Financial Studies : open … 6 (2018) 2, pp. 1-29

This paper analyzes the evolution of the main theories regarding the capital structure and the related impact on risk and corporate performance. The capital structure is a dynamic process that changes over time, depending on the variables that influence the overall evolution of the economy, a...

Persistent link: https://www.econbiz.de/10011883275

Applications of distress prediction models : what have we learned after 50 years from the Z-Score models?

Altman, Edward I. - In: International Journal of Financial Studies : open … 6 (2018) 3, pp. 1-15

Fifty years ago, I published the initial, classic version of the Z-score bankruptcy prediction models. This …

Persistent link: https://www.econbiz.de/10011883793

Review of research into enterprise bankruptcy prediction in selected Central and Eastern European countries

Prusak, Błażej - In: International Journal of Financial Studies : open … 6 (2018) 3, pp. 1-28

In developed countries, the first studies on forecasting bankruptcy date to the early 20th century. In Central and … conduct bankruptcy risk assessments and what their level of advancement is. The main objective of the article is the review … and assessment of the level of advancement of bankruptcy prediction research in countries of the former Eastern Bloc, in …

Persistent link: https://www.econbiz.de/10011884198