Seo, Dongwook; Kim, Hyeong Joon; Mun, Seongjae - In: Journal of derivatives and quantitative studies : … 32 (2024) 4, pp. 266-285
This study examines various artificial intelligence (AI) models for predicting financially distressed firms with poor profitability ("Zombie firms"). In particular, we adopt the Explainable AI ("XAI") approach to overcome the limitations of the previous AI models, which is well-known as the...