Nam, Chae Woo; Kim, Tong Suk; Park, Nam Jung; Lee, Hoe Kyung - In: Journal of Forecasting 27 (2008) 6, pp. 493-506
The purpose of this paper is to build an alternative method of bankruptcy prediction that accounts for some deficiencies in previous approaches that resulted in poor out-of-sample performances. Most of the traditional approaches suffer from restrictive presumptions and structural limitations and...