Object

Title: Study of the classification accuracy measures for predicting corporate bankruptcy taking into account changes in the economic environment

Creator:

Pawełek, Barbara ; Baryła, Mateusz ; Pociecha, Józef

Description:

Argumenta Oeconomica, 2020, Nr 1 (44), s. 5-17

Abstrakt:

Many types of methods for predicting corporate bankruptcy have been formulated by business theory and practice. Among them, an extensive group is composed of classification methods, which can divide companies into two groups: bankrupt and financially sound companies. The aim of the paper is to present the outcomes of the comparative analysis of classification accuracy for selected kinds of corporate bankruptcy prediction methods. While building the models, both the financial ratios of companies and the variables which reflect changes in the economic environment were taken into account. The analysis is based on data concerning companies operating in the industrial processing sector in Poland. The following four types of bankruptcy prediction methods were employed: linear discriminant analysis, logistic regression, classification tree and neural network. In order to assess the classification accuracy of a model for a training set and test set, three measures were used: sensitivity, specificity and overall accuracy. The results of the conducted empirical studies confirm the hypothesis that changes in the economic environment of companies affect their financial situation and risk of bankruptcy. The indicators of economic growth, the labour market, inflation and the economic situation were useful in bankruptcy prediction of companies operating in the industrial processing sector in Poland

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2020

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/aoe.2020.1.01 ; oai:dbc.wroc.pl:75758

Language:

eng

Relation:

Argumenta Oeconomica, 2020, Nr 1 (44)

Rights:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-NC-ND 3.0 PL

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Group publication title:

Argumenta Oeconomica

Object collections:

Last modified:

May 26, 2022

In our library since:

Jun 18, 2020

Number of object content hits:

436

All available object's versions:

https://www.dbc.wroc.pl/publication/144313

Show description in RDF format:

RDF

Show description in OAI-PMH format:

OAI-PMH

Similar

×

Citation

Citation style:

This page uses 'cookies'. More information