Optimal threshold of data envelopment analysis in bankruptcy prediction

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F23%3A43923576" target="_blank" >RIV/62156489:43110/23:43923576 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.57645/20.8080.02.3" target="_blank" >https://doi.org/10.57645/20.8080.02.3</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.57645/20.8080.02.3" target="_blank" >10.57645/20.8080.02.3</a>

Result language
angličtina
Original language name
Optimal threshold of data envelopment analysis in bankruptcy prediction
Original language description
Data envelopment analysis is not typically used for bankruptcy prediction. However, this paper shows that a correctly set up a model for this approach can be very useful in that context. A supereffciency model was applied to classify bankrupt and actively manufactured companies in the European Union. To select an appropriate threshold, the Youden index and the distance from the corner were used in addition to the total accuracy. The results indicate that selecting a suitable threshold improves specifcity visibly with only a small reduction in the total accuracy. The thresholds of the best models appear to be robust enough for predictions in different time and economic sectors.
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
10102 - Applied mathematics

Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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