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

Autor: Fejér-Király Gergely
Jazyk: angličtina
Rok vydání: 2015
Předmět:
Zdroj: Acta Universitatis Sapientiae: Economics and Business, Vol 3, Iss 1, Pp 93-108 (2015)
Druh dokumentu: article
ISSN: 2360-0047
DOI: 10.1515/auseb-2015-0006
Popis: 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.
Databáze: Directory of Open Access Journals