Bankruptcy prediction models

(Nguồn: https://digikogu.taltech.ee)

• Beaver (1966) is a first researcher who uses financial ratios evaluate the bankruptcy risk of firms.
• Early research (Altman, 1968; Ohlson, 1980) also use financial ratio
• Market-based information such as Merton (1974),  Hillegeist, Keating, Cram, & Lundstedt (2004)
• Discrete-time hazard model : Shumway (2001) use both accounting and market variables
• Wu, Gaunt, & Gray (2010) use three groups of variables: financial ratios, market variables, and firm characteristics
• Machine learning methods : Artificial neural network (ANN), Support vector machine (SVM), General Regression Neural Network (GRNN), Decision Trees...

Nguồn: https://www.sciencedirect.com/science/article/abs/pii/S0957417417307224