We propose a corporate default rating process for the Taiwan Stock Market which incorporates financial ratios, corporate governance, macroeconomic variables and financial media reports. Multi-measurements of the ‘distress intensity of default-corpus’ (DIDC) using linguistic analysis are...

We propose a corporate default rating process in the Taiwan Stock Market which incorporates financial ratios, corporate governance, macroeconomic variables and financial media reports. In contrast to the prior studies, we construct alternative measurements of the ‘distress intensity of...