Cole, Rebel A.; Wu, Qiongbing - Volkswirtschaftliche Fakultät, … - 2009
one-period probit model used by Cole and Gunther (1998). Using data on U.S. bank failures from 1985 – 1992, we find that …, from an econometric perspective, the hazard model is more accurate than the probit model in predicting bank failures, but … this improvement in accuracy results from incorporating more recent information in the hazard, but not the probit, model …