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Long-term risk class migrations of non-bankrupt and bankrupt enterprises

Korol, Tomasz - In: Journal of business economics and management 21 (2020) 3, pp. 783-804

This paper investigates how the process of going bankrupt can be recognized much earlier by enterprises than by traditional forecasting models. The presented studies focus on the assessment of credit risk classes and on determination of the differences in risk class migrations between...

Persistent link: https://www.econbiz.de/10012270447

The impact of institutional performance on payment dynamics : evidence from the Italian manufacturing industry

Falavigna, Greta; Ippoliti, R. - In: Journal of business economics and management 21 (2020) 5, pp. 1285-1306

This work aims to shed new light on the relation between institutional performance and firm dynamics. Considering the Italian manufacturing industry and a panel of 3 years, the authors investigate the relation between the time needed by courts to enforce debtors' obligations and the time needed...

Persistent link: https://www.econbiz.de/10012271794

What is the relationship between sales growth and insolvency risk?

Šarlija, Nataša; Šimić, Sanja; Đanković, Biljana - In: Naše gospodarstvo : NG 69 (2023) 3, pp. 1-11

insolvency. The goal of the paper is to explore the relationship between an enterprise's sales growth and its insolvency. The … between sales growth and insolvency. Better indicators exist with solvent andgrowing SMEs than with insolvent and non … of the relationship between sales growth and insolvency and empirically demonstrates that sales growth over 200% peryear …

Persistent link: https://www.econbiz.de/10014425519

Optimal bankruptcy regime4da literature review

Puchakayala, N. V. V. Satyanarayana; Veluchamyv, Ramanujam - In: Future Business Journal 9 (2023), pp. 1-10

An optimal bankruptcy regime is one which avoids taking/giving loans during financial crisis, provides a provision for entrepreneurship, and further provides for achieving a maximum total value for the distressed firm. The present study is aimed at understanding the concept of optimal bankruptcy...

Persistent link: https://www.econbiz.de/10014381632

Domain knowledge features versus LASSO features in predicting risk of corporate bankruptcy : DEA approach

Mokrišová, Martina; Horváthová, Jarmila - In: Risks : open access journal 11 (2023) 11, pp. 1-18

Predicting the risk of corporate bankruptcy is one of the most important challenges for researchers dealing with the issue of financial health evaluation. The risk of corporate bankruptcy is most often assessed with the use of early warning models. The results of these models are significantly...

Persistent link: https://www.econbiz.de/10014436563

Surprise and default in general equilibrium

Teeple, Keisuke - In: Theoretical economics : TE ; an open access journal in … 18 (2023) 4, pp. 1547-1583

I model an incomplete markets economy where unaware agents do not perceive all states of nature, so unintended default can occur when asset returns differ from what was perceived. The presence of default plays a crucial role in the proof of existence—particularly in economies where beliefs are...

Persistent link: https://www.econbiz.de/10014440081

Unveiling the diverse efficacy of artificial neural networks and logistic regression : a comparative analysis in predicting financial distress

Sabek, Amine - In: Croatian review of economic, business and social … 9 (2023) 1, pp. 16-32

The prediction of financial distress has emerged as a significant concern over a prolonged period spanning more than half a century. This subject has garnered considerable attention owing to the precise outcomes derived from its predictive models. The main objective of this study is to predict...

Persistent link: https://www.econbiz.de/10014372938

Loan renegotiation and the long-term impact on total factor productivity

Sánchez Serrano, Antonio - In: Latin American journal of central banking : LAJCB 3 (2022) 4, pp. 1-20

When a loan is close to becoming non-performing, banks have stronger incentives to renegotiate it in favourable conditions for the borrower (loan forbearance) rather than for recognising and resolving the non-performing loan. At the aggregated level and looking at borrowers (non-financial...

Persistent link: https://www.econbiz.de/10014375471

Artificial neural networks in forecasting the consumer bankruptcy risk with innovative ratios

Korol, Tomasz - In: Contemporary economics 18 (2024) 4, pp. 391-407

This study aims to develop nine different consumer bankruptcy forecasting models with the help of three types of artificial neural networks and to verify the usefulness of new, innovative ratios for implementation in personal finance. A learning sample comprising 200 consumers, and a testing...

Persistent link: https://www.econbiz.de/10015189726

Efficacies of artificial neural networks ushering improvement in the prediction of extant credit risk models

Aranha, Meera; Bolar, Kartikeya - In: Cogent economics & finance 11 (2023) 1, pp. 1-13

The study's objective is to check whether the predictive power of Machine Learning Techniques is better than Logistic Regression in predicting the bankruptcy of firms and that the same predictive power of ascertaining bankruptcy improves when a proxy for uncertainty is added to the model as a...

Persistent link: https://www.econbiz.de/10014500824