Distress risk and corporate failure modelling: the state of the art
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Bibliographische Detailangaben
Beteilige Person: Jones, Stewart 1964- (VerfasserIn)
Format: Buch
Sprache:Englisch
Veröffentlicht: Abingdon, Oxon ; New York, NY Routledge 2023
Schriftenreihe:Routledge advances in management and business studies
Schlagwörter:
Abstract:The Relevance and Utility of Distress Risk and Corporate Failure Forecasts -- Searching for the Holy Grail: Alternative Statistical Modelling Approaches -- The Rise of the Machines -- An Empirical Application of Modern Machine Learning Methods -- Corporate Failure Models for Private Companies, Not-for Profits and Public Sector Entities -- Whither Corporate Failure Research?
"This book is an introduction text to distress risk and corporate failure modelling techniques. It 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. Jones's illustrations and applications which are based on actual company failure data and samples. Its practical and lucid presentation of basic concepts covers various statistical learning approaches, including machine learning which has come into prominence in recent years. The material covered will help readers better understand a broad range of statistical learning models, ranging from relatively linear techniques such as linear discriminant analysis to state-of-the-art machine learning methods such as gradient boosting machines, adaptive boosting, random forests, and deep learning. The book's comprehensive review and use of real-life data will make this a valuable, easy-to-read text for researchers, academics, institutions and professionals who make use of distress risk and corporate failure forecasts"--
Beschreibung:Includes bibliographical references and index
2209
Umfang:xi, 230 Seiten Diagramme
ISBN:9781138652491
9781138652507