The Impact of Methodology on the Effectiveness of Bankruptcy Modeling

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F13%3APU104343" target="_blank" >RIV/00216305:26510/13:PU104343 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The Impact of Methodology on the Effectiveness of Bankruptcy Modeling
Original language description
The prevailing opinion in literature is that the accuracy of bankruptcy models cannot be appreciably improved by the choice of classification algorithm. A reflection of this conviction is the frequent usage of parametric methods. However, the nature of financial data places a limitation on the accuracy of these methods. An analysis of 1908 Czech industrial enterprises from 2004 to 2011 reveals that a nonparametric method, if used for the selection of model variables as well as the actual classification,can yield significantly better results than the traditional parametric approach.
Czech name
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Czech description
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Recent Advances in Economics and Business Administration: Proceedings of the 2013 International Conference on Economics and Business Adminstration (EBA 2013)
ISBN
978-1-61804-198-2
ISSN
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e-ISSN
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Number of pages
4
Pages from-to
99-102
Publisher name
Neuveden
Place of publication
Neuveden
Event location
Rhodos
Event date
Jul 16, 2013
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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