Artikel
An ensemble classifier-based scoring model for predicting bankruptcy of Polish companies in the Podkarpackie Voivodeship
This publication presents the methodological aspects of designing of a scoring model for an early prediction of bankruptcy by using ensemble classifiers. The main goal of the research was to develop a scoring model (with good classification properties) that can be applied in practice to assess the risk of bankruptcy of enterprises in various sectors. For the data sample, which included 1739 Polish businesses (of which 865 were bankrupt and 875 had no risk of bankruptcy), a genetic algorithm was applied to select the optimum set of 19 bankruptcy indicators, on the basis of which the classification accuracy of a number of ensemble classifier model variants (boosting, bagging and stacking) was estimated and verified. The classification effectiveness of ensemble models was compared with eight classical individual models which made use of single classifiers. A GBM-based ensemble classifier model offering superior classification capabilities was used in practice to design a scoring model, which was applied in comparative evaluation and bankruptcy risk analysis for businesses from various sectors and of different sizes from the Podkarpackie Voivodeship in 2018 (over a time horizon of up to two years). The approach applied can also be used to assess credit risk for corporate borrowers.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 13 ; Year: 2020 ; Issue: 2 ; Pages: 1-35 ; Basel: MDPI
- Klassifikation
-
Wirtschaft
- Thema
-
bagging
bankruptcy prediction
boosting
ensemble classifiers
scoring models
stacking
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Pisula, Tomasz
- Ereignis
-
Veröffentlichung
- (wer)
-
MDPI
- (wo)
-
Basel
- (wann)
-
2020
- DOI
-
doi:10.3390/jrfm13020037
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Pisula, Tomasz
- MDPI
Entstanden
- 2020
Ähnliche Objekte (12)
Analysis and profitability assessment of Polish construction companies threatened with bankruptcy
Earnings Management in Polish Companies
Assessment of bankruptcy risk of large companies: European countries evolution analysis
Innovation Performance in Poland and Polish Companies
Innovation and Leadership Style in Polish Companies
A new VIKOR-based in-sample-out-of-sample classifier with application in bankruptcy prediction
EBITDA vs. cash flows in bankruptcy prediction on the Polish capital market
Corporate bankruptcy prediction model, a special focus on listed companies in Kenya
Early Warning System for Bankruptcy: Bankruptcy Prediction
Bankruptcy extraordinary
Are bankruptcy models adequate for condition assessment of companies listed on Warsaw Stock Exchange
Re-estimation and comparisons of alternative accounting based bankruptcy prediction models for Indian companies
Analysis and profitability assessment of Polish construction companies threatened with bankruptcy
Earnings Management in Polish Companies
Assessment of bankruptcy risk of large companies: European countries evolution analysis
Innovation Performance in Poland and Polish Companies
Innovation and Leadership Style in Polish Companies
A new VIKOR-based in-sample-out-of-sample classifier with application in bankruptcy prediction
EBITDA vs. cash flows in bankruptcy prediction on the Polish capital market
Corporate bankruptcy prediction model, a special focus on listed companies in Kenya
Early Warning System for Bankruptcy: Bankruptcy Prediction
Bankruptcy extraordinary
Are bankruptcy models adequate for condition assessment of companies listed on Warsaw Stock Exchange
Re-estimation and comparisons of alternative accounting based bankruptcy prediction models for Indian companies
Analysis and profitability assessment of Polish construction companies threatened with bankruptcy
Earnings Management in Polish Companies
Assessment of bankruptcy risk of large companies: European countries evolution analysis
Innovation Performance in Poland and Polish Companies
Innovation and Leadership Style in Polish Companies
A new VIKOR-based in-sample-out-of-sample classifier with application in bankruptcy prediction
EBITDA vs. cash flows in bankruptcy prediction on the Polish capital market
Corporate bankruptcy prediction model, a special focus on listed companies in Kenya
Early Warning System for Bankruptcy: Bankruptcy Prediction
Bankruptcy extraordinary
Are bankruptcy models adequate for condition assessment of companies listed on Warsaw Stock Exchange