Distress Risk and Corporate Failure Modelling: The State of the Art

ISBN-13: 9781138652491 / Angielski / Twarda / 2022 / 240 str.

Aus Stewart Jones (University of Sydney

Opis

This book is an introduction text to corporate bankruptcy prediction modelling techniques and applications. The book illustrates how to apply a wide range of corporate bankruptcy prediction models and in turn, highlights their strengths and limitations under different circumstances. It also conceptualises the role and function of different classifiers in terms of a trade-off between model flexibility and interpretability. The book's illustrations and applications which are based on actual company failure data and samples helps the understanding of the continual development of more robust predictive models and framework. Its comprehensive review and use of real-life data will make this a valuable, easy-to-read text for anyone interested in corporate bankruptcy models and applications.

Spis treści

1. The Relevance and Utility of Distress Risk and Corporate Failure Forecasts 2. Searching for the Holy Grail: Alternative Statistical Modelling Approaches 3. The Rise of the Machines 4. An Empirical Application of Modern Machine Learning Methods 5. Corporate Failure Models for Private Companies, Not-for Profits, and Public Sector Entities 6. Whither Corporate Failure Research?

O autorze

Stewart Jones is Professor of Accounting at the University of Sydney Business School. He specializes in corporate financial reporting and has published extensively in the distress risk and corporate failure modelling field. His publications appear in many leading international journals, including the Accounting Review, the Review of Accounting Studies, Accounting Horizons, Journal of Business Finance and Accounting, the Journal of the Royal Statistical Society, Journal of Banking and Finance and many other leading journals. He has published over 150 scholarly research pieces, including 70 refereed articles, 10 books, and numerous book chapters, working papers, and short monographs. Stewart is currently Senior Editor of the prestigious international quarterly, Abacus.