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Using Bayesian networks for bankruptcy prediction: Some methodological issues

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  • Sun, Lili
  • Shenoy, Prakash P.

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  • Sun, Lili & Shenoy, Prakash P., 2007. "Using Bayesian networks for bankruptcy prediction: Some methodological issues," European Journal of Operational Research, Elsevier, vol. 180(2), pages 738-753, July.
    • Handle: RePEc:eee:ejores:v:180:y:2007:i:2:p:738-753
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    2. McKee, Thomas E. & Lensberg, Terje, 2002. "Genetic programming and rough sets: A hybrid approach to bankruptcy classification," European Journal of Operational Research, Elsevier, vol. 138(2), pages 436-451, April.
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    7. Altman, Edward I. & Marco, Giancarlo & Varetto, Franco, 1994. "Corporate distress diagnosis: Comparisons using linear discriminant analysis and neural networks (the Italian experience)," Journal of Banking & Finance, Elsevier, vol. 18(3), pages 505-529, May.
    8. Altman, Edward I. & Haldeman, Robert G. & Narayanan, P., 1977. "ZETATM analysis A new model to identify bankruptcy risk of corporations," Journal of Banking & Finance, Elsevier, vol. 1(1), pages 29-54, June.
    9. Edward I. Altman, 1968. "Financial Ratios, Discriminant Analysis And The Prediction Of Corporate Bankruptcy," Journal of Finance, American Finance Association, vol. 23(4), pages 589-609, September.
    10. Thomas E. McKee, 2003. "Rough sets bankruptcy prediction models versus auditor signalling rates," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 22(8), pages 569-586.
    11. Shumway, Tyler, 2001. "Forecasting Bankruptcy More Accurately: A Simple Hazard Model," The Journal of Business, University of Chicago Press, vol. 74(1), pages 101-124, January.
    12. Edward I. Altman, 1968. "The Prediction Of Corporate Bankruptcy: A Discriminant Analysis," Journal of Finance, American Finance Association, vol. 23(1), pages 193-194, March.
    13. Ohlson, Ja, 1980. "Financial Ratios And The Probabilistic Prediction Of Bankruptcy," Journal of Accounting Research, Wiley Blackwell, vol. 18(1), pages 109-131.
    14. Zmijewski, Me, 1984. "Methodological Issues Related To The Estimation Of Financial Distress Prediction Models," Journal of Accounting Research, Wiley Blackwell, vol. 22, pages 59-82.
    15. Emery, Gw & Cogger, Ko, 1982. "The Measurement Of Liquidity," Journal of Accounting Research, Wiley Blackwell, vol. 20(2), pages 290-303.
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    1. Ruey-Ching Hwang & Jhao-Siang Siao & Huimin Chung & C. Chu, 2011. "Assessing bankruptcy prediction models via information content of technical inefficiency," Journal of Productivity Analysis, Springer, vol. 36(3), pages 263-273, December.
    2. Sajad Abdipour & Ahmad Nasseri & Mojtaba Akbarpour & Hossein Parsian & Shahrzad Zamani, 2013. "Integrating Neural Network and Colonial Competitive Algorithm: A New Approach for Predicting Bankruptcy in Tehran Security Exchange," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 3(11), pages 1528-1539, November.
    3. De Bock, Koen W. & Coussement, Kristof & Lessmann, Stefan, 2020. "Cost-sensitive business failure prediction when misclassification costs are uncertain: A heterogeneous ensemble selection approach," European Journal of Operational Research, Elsevier, vol. 285(2), pages 612-630.
    4. Samir Trabelsi & Roc He & Lawrence He & Martin Kusy, 2015. "A comparison of Bayesian, Hazard, and Mixed Logit model of bankruptcy prediction," Computational Management Science, Springer, vol. 12(1), pages 81-97, January.
    5. Kabir, Golam & Tesfamariam, Solomon & Francisque, Alex & Sadiq, Rehan, 2015. "Evaluating risk of water mains failure using a Bayesian belief network model," European Journal of Operational Research, Elsevier, vol. 240(1), pages 220-234.
    6. Vicente García & Ana I. Marqués & J. Salvador Sánchez & Humberto J. Ochoa-Domínguez, 2019. "Dissimilarity-Based Linear Models for Corporate Bankruptcy Prediction," Computational Economics, Springer;Society for Computational Economics, vol. 53(3), pages 1019-1031, March.
    7. J. F. Juliá-Igual & R. Cervelló-Royo & I. Berné-Lafuente, 2017. "Market value analysis of a Chinese e-commerce holding group: a multicriteria approach," Service Business, Springer;Pan-Pacific Business Association, vol. 11(3), pages 475-490, September.
    8. Tamás Kristóf & Miklós Virág, 2020. "A Comprehensive Review of Corporate Bankruptcy Prediction in Hungary," JRFM, MDPI, vol. 13(2), pages 1-20, February.
    9. Feuerriegel, Stefan & Gordon, Julius, 2019. "News-based forecasts of macroeconomic indicators: A semantic path model for interpretable predictions," European Journal of Operational Research, Elsevier, vol. 272(1), pages 162-175.
    10. Chiuling Lu & Ann Yang & Jui-Feng Huang, 2015. "Bankruptcy predictions for U.S. air carrier operations: a study of financial data," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 39(3), pages 574-589, July.
    11. Maria Elena De Giuli & Alessandro Greppi & Marina Resta, 2019. "An Object-Oriented Bayesian Framework for the Detection of Market Drivers," Risks, MDPI, vol. 7(1), pages 1-18, January.
    12. Koen W. de Bock & Kristof Coussement & Stefan Lessmann, 2020. "Cost-sensitive business failure prediction when misclassification costs are uncertain: A heterogeneous ensemble selection approach," Post-Print hal-02863245, HAL.
    13. Kazim Topuz & Hasmet Uner & Asil Oztekin & Mehmet Bayram Yildirim, 2018. "Predicting pediatric clinic no-shows: a decision analytic framework using elastic net and Bayesian belief network," Annals of Operations Research, Springer, vol. 263(1), pages 479-499, April.
    14. Yi Cao & Xiaoquan Liu & Jia Zhai & Shan Hua, 2022. "A two‐stage Bayesian network model for corporate bankruptcy prediction," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 455-472, January.
    15. Dong Zhao & Chunyu Huang & Yan Wei & Fanhua Yu & Mingjing Wang & Huiling Chen, 2017. "An Effective Computational Model for Bankruptcy Prediction Using Kernel Extreme Learning Machine Approach," Computational Economics, Springer;Society for Computational Economics, vol. 49(2), pages 325-341, February.
    16. Li, Hui & Hong, Lu-Yao & He, Jia-Xun & Xu, Xuan-Guo & Sun, Jie, 2013. "Small sample-oriented case-based kernel predictive modeling and its economic forecasting applications under n-splits-k-times hold-out assessment," Economic Modelling, Elsevier, vol. 33(C), pages 747-761.
    17. Leila Bateni & Farshid Asghari, 2020. "Bankruptcy Prediction Using Logit and Genetic Algorithm Models: A Comparative Analysis," Computational Economics, Springer;Society for Computational Economics, vol. 55(1), pages 335-348, January.
    18. Koen W. de Bock, 2017. "The best of two worlds: Balancing model strength and comprehensibility in business failure prediction using spline-rule ensembles," Post-Print hal-01588059, HAL.
    19. J. Uthayakumar & Noura Metawa & K. Shankar & S. K. Lakshmanaprabu, 2020. "RETRACTED ARTICLE: Intelligent hybrid model for financial crisis prediction using machine learning techniques," Information Systems and e-Business Management, Springer, vol. 18(4), pages 617-645, December.
    20. D. B. Matellini & A. D. Wall & I. D. Jenkinson & J. Wang & R. Pritchard, 2018. "A Three‐Part Bayesian Network for Modeling Dwelling Fires and Their Impact upon People and Property," Risk Analysis, John Wiley & Sons, vol. 38(10), pages 2087-2104, October.
    21. Desai, Vikram & Bucaro, Anthony C. & Kim, Joung W. & Srivastava, Rajendra & Desai, Renu, 2023. "Toward a better expert system for auditor going concern opinions using Bayesian network inflation factors," International Journal of Accounting Information Systems, Elsevier, vol. 49(C).
    22. Aznar Bellver, Jerónimo & Cervelló Royo, Roberto & García García, Fernando, 2011. "Una alternativa multicriterio a la valoración de empresas: aplicación a las Cajas de Ahorro/A Multicriteria Alternative to Companies’ Valuation: Application to a Spanish Savings Bank," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 29, pages 393(16á.)-3, Abril.
    23. Ligang Zhou & Kin Keung Lai, 2017. "AdaBoost Models for Corporate Bankruptcy Prediction with Missing Data," Computational Economics, Springer;Society for Computational Economics, vol. 50(1), pages 69-94, June.
    24. Bryceson, Kim P. & Smith, Carl S., 2008. "Abstraction and Modelling of Agri-Food Chains as Complex Decision Making Systems," 110th Seminar, February 18-22, 2008, Innsbruck-Igls, Austria 49773, European Association of Agricultural Economists.
    25. Hui Li & Jie Sun, 2010. "Forecasting business failure in China using case-based reasoning with hybrid case respresentation," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 29(5), pages 486-501.

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