Purpose: Ensemble models that combine multiple base classifiers have been widely used to improve prediction performance in credit risk evaluation. However, an arbitrary selection of base classifiers is problematic. The purpose of this paper is to develop a framework for selecting base...

Purpose The purpose of this paper is to identify a subset of key financial ratios and factors that provide the best discriminating power to distinguish between creditworthy companies (CWCs) and less creditworthy companies (LCWCs) in the USA with the proposed method. Design/methodology/approach A...