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

Fejér-Király Gergely ()
Additional contact information
Fejér-Király Gergely: Department of Economics, Faculty of Economics and Human Sciences Sapientia-Hungarian University of Transylvania, Miercurea Ciuc

Acta Universitatis Sapientiae, Economics and Business, 2015, vol. 3, issue 1, 93-108

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.

Keywords: failure prediction; parametric modelling; non-parametric modelling; bankruptcy (search for similar items in EconPapers)
JEL-codes: G33 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/auseb-2015-0006 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:auseab:v:3:y:2015:i:1:p:93-108:n:1006

DOI: 10.1515/auseb-2015-0006

Access Statistics for this article

Acta Universitatis Sapientiae, Economics and Business is currently edited by Dávid László

More articles in Acta Universitatis Sapientiae, Economics and Business from Sciendo
Bibliographic data for series maintained by Peter Golla ().