Combining corporate governance indicators with stacking ensembles for financial distress prediction

D Liang, CF Tsai, HYR Lu, LS Chang - Journal of Business Research, 2020 - Elsevier
In this paper, we use a stacking ensemble to construct a bankruptcy prediction model. We
collect a comprehensive list of 40 financial ratios (FRs) and 21 corporate governance …

Machine learning for credit scoring: Improving logistic regression with non-linear decision-tree effects

E Dumitrescu, S Hué, C Hurlin, S Tokpavi - European Journal of …, 2022 - Elsevier
In the context of credit scoring, ensemble methods based on decision trees, such as the
random forest method, provide better classification performance than standard logistic …

Financial distress prediction: The case of French small and medium-sized firms

N Mselmi, A Lahiani, T Hamza - International Review of Financial Analysis, 2017 - Elsevier
Financial distress prediction is a central issue in empirical finance that has drawn a lot of
research interests in the literature. This paper aims to predict the financial distress of French …

Bankruptcy prediction for private firms in developing economies: a scoping review and guidance for future research

FR Matenda, M Sibanda, E Chikodza… - Management Review …, 2021 - Springer
The majority of studies on corporate bankruptcy detection are devoted to publicly-traded
firms in advanced economies. Literature on bankruptcy prediction for private corporations is …

Does audit report information improve financial distress prediction over Altman's traditional Z‐Score model?

N Muñoz‐Izquierdo, EK Laitinen… - Journal of …, 2020 - Wiley Online Library
We analyze empirically the usefulness of combining accounting and auditing data in order to
predict corporate financial distress. Concretely, we examine whether audit report information …

Bankruptcy risk, its financial determinants and reporting delays: Do managers have anything to hide?

O Lukason, MM Camacho-Miñano - Risks, 2019 - mdpi.com
The aim of this study was to investigate whether firms' reporting delays are interconnected
with bankruptcy risk and its financial determinants. This study was based on 698,189 firm …

Predicting corporate financial failure using macroeconomic variables and accounting data

E Acosta-González, F Fernández-Rodríguez… - Computational …, 2019 - Springer
Recent studies of the prediction of corporate financial failure have taken into account many
factors, mostly corresponding to financial ratios derived from firms' annual accounts …

A two-layer nested heterogeneous ensemble learning predictive method for COVID-19 mortality

S Cui, Y Wang, D Wang, Q Sai, Z Huang… - Applied Soft …, 2021 - Elsevier
The COVID-19 epidemic has had a great adverse impact on the world, having taken a heavy
toll, killing hundreds of thousands of people. In order to help the world better combat COVID …

Is the external audit report useful for bankruptcy prediction? Evidence using artificial intelligence

N Muñoz-Izquierdo, MM Camacho-Miñano… - International Journal of …, 2019 - mdpi.com
Despite the number of studies on bankruptcy prediction using financial ratios, very little is
known about how external audit information can contribute to anticipating financial distress …

Corporate bankruptcy and insolvency prediction model

AD Voda, G Dobrotă, DM Țîrcă… - Technological and …, 2021 - jest.vgtu.lt
In any competitive economy, the risk of bankruptcy is pervasive. The research aims to
contribute in improving the predictive power of bankruptcy and insolvency risk among …