A comparison of corporate distress prediction models in Brazil: hybrid neural networks, logit models and discriminant analysis
Keywords:
hybrid neural networks, corporate failures.Abstract
This paper looks at the ability of a relatively new technique, hybrid ANN’s, to predict corporate distress in Brazil. These models are compared with traditional statistical techniques and conventional ANN models. The results suggest that hybrid neural networks outperform all other models in predicting firms in financial distress one year prior to the event. This suggests that for researchers, policymakers and others interested in early warning systems, hybrid networks may be a useful tool for predicting firm failure.Downloads
Published
2009-06-02
How to Cite
YIM, J.; MITCHELL, H. A comparison of corporate distress prediction models in Brazil: hybrid neural networks, logit models and discriminant analysis. Nova Economia, [S. l.], v. 15, n. 1, 2009. Disponível em: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/445. Acesso em: 30 jun. 2024.
Issue
Section
Regular Issue
License
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).