<abstract xmlns="http://www.w3.org/1999/xhtml"><p>After the economic crisis and the BASEL agreement, the bankruptcy prediction research has evolved substantially due to its importance in corporate finance. This paper summarizes the short history of bankruptcy prediction from the beginning until quite recently. First, it presents a short summary of bankruptcy prediction evolution pointing to the most used models. Then, it provides a summary of the most cited papers that discuss the evolution of bankruptcy prediction and of those papers that have contributed to bankruptcy prediction. Finally, it summarizes some critiques about bankruptcy prediction that the literature has formulated over time and provides some suggestions for future research on bankruptcy prediction.</p></abstract>

After the economic crisis and the BASEL agreement, the bankruptcy prediction research has evolved substantially due to its importance in corporate finance. This paper summarizes the short history of bankruptcy prediction from the beginning until quite recently. First, it presents a short summary of bankruptcy prediction evolution pointing to the most used models. Then, it provides a summary of the most cited papers that discuss the evolution of bankruptcy prediction and of those papers that have contributed to bankruptcy prediction. Finally, it summarizes some critiques about bankruptcy prediction that the literature has formulated over time and provides some suggestions for future research on bankruptcy prediction.

Bankruptcy Prediction: A Survey on Evolution, Critiques, and Solutions

fejerkiralygergely@sapientia.siculorum.ro

Department of Economics, Faculty of Economics and Human Sciences Sapientia-Hungarian University of Transylvania, Miercurea Ciuc

Acta Universitatis Sapientiae, Economics and Business

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Bankruptcy Prediction: A Survey on Evolution, Critiques, and Solutions"}

After the economic crisis and the BASEL agreement, the bankruptcy prediction research has evolved substantially due to its importance in corporate finance....

Bankruptcy Prediction: A Survey on Evolution, Critiques, and Solutions

Data publikacji: 22 gru 2015

Zakres stron: 93 - 108

DOI: https://doi.org/10.1515/auseb-2015-0006

Słowa kluczowe
failure prediction, parametric modelling, non-parametric modelling, bankruptcy

© 2015 Gergely Fejér-Király, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Bankruptcy Prediction: A Survey on Evolution, Critiques, and Solutions

Data publikacji: 22 gru 2015

Zakres stron: 93 - 108

DOI: https://doi.org/10.1515/auseb-2015-0006

Słowa kluczowefailure prediction, parametric modelling, non-parametric modelling, bankruptcy

© 2015 Gergely Fejér-Király, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Słowa kluczowe
failure prediction, parametric modelling, non-parametric modelling, bankruptcy