Detail publikačního výsledku

The Impact of Methodology on the Effectiveness of Bankruptcy Modeling

KARAS, M.; REŽŇÁKOVÁ, M.

Originální název

The Impact of Methodology on the Effectiveness of Bankruptcy Modeling

Anglický název

The Impact of Methodology on the Effectiveness of Bankruptcy Modeling

Druh

Stať ve sborníku v databázi WoS či Scopus

Originální abstrakt

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.

Anglický abstrakt

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.

Klíčová slova

bankruptcy prediction models, boosted trees, stepwise discriminant analysis

Klíčová slova v angličtině

bankruptcy prediction models, boosted trees, stepwise discriminant analysis

Autoři

KARAS, M.; REŽŇÁKOVÁ, M.

Vydáno

16.07.2013

ISBN

978-1-61804-198-2

Kniha

Recent Advances in Economics and Business Administration: Proceedings of the 2013 International Conference on Economics and Business Adminstration (EBA 2013)

Strany od

99

Strany do

102

Strany počet

4

BibTex

@inproceedings{BUT100610,
  author="Michal {Karas} and Mária {Režňáková}",
  title="The Impact of Methodology on the Effectiveness of Bankruptcy Modeling",
  booktitle="Recent Advances in Economics and Business Administration: Proceedings of the 2013 International Conference on Economics and Business Adminstration (EBA 2013)",
  year="2013",
  pages="99--102",
  isbn="978-1-61804-198-2"
}