A Comprehensive Review of Corporate Bankruptcy Prediction in Hungary
  • Metaadatok
Tartalom: https://unipub.lib.uni-corvinus.hu/9970/
Archívum: Corvinus Kutatások
Gyűjtemény: Status = Published
Subject = Futures Research
Subject = Finance
Type = Article
Cím:
A Comprehensive Review of Corporate Bankruptcy Prediction in Hungary
Létrehozó:
Kristóf, Tamás
Virág, Miklós
Dátum:
2020
Téma:
Finance
Futures Research
Tartalmi leírás:
The article provides a comprehensive review regarding the theoretical approaches, methodologies and empirical researches of corporate bankruptcy prediction, laying emphasis on the 30-year development history of Hungarian empirical results. In ex-socialist countries corporate bankruptcy prediction became possible more than 20 years later compared to the western countries, however, based on the historical development of corporate bankruptcy prediction after the political system change it can be argued that it has already caught up to the level of international best practice. Throughout the development history of Hungarian bankruptcy prediction, it can be tracked how the initial, small, cross-sectional sample and classic methodology-based bankruptcy prediction has evolved to today’s corporate rating systems meeting the requirements of the dynamic, through-the-cycle economic capital calculation models. Contemporary methodological development is characterized by the domination of artificial intelligence, data mining, machine learning, and hybrid modelling. On the basis of empirical results, the article draws several normative proposals how to assemble a bankruptcy prediction database and select the right classification method(s) to accomplish efficient corporate bankruptcy prediction.
Nyelv:
angol
angol
Típus:
Article
PeerReviewed
Formátum:
application/pdf
Azonosító:
Kristóf, Tamás ORCID: https://orcid.org/0000-0003-2805-4900 <https://orcid.org/0000-0003-2805-4900> and Virág, Miklós (2020) A Comprehensive Review of Corporate Bankruptcy Prediction in Hungary. Journal of Risk and Financial Management, 13 (2). pp. 1-20. DOI 10.3390/jrfm13020035 <https://doi.org/10.3390/jrfm13020035>
Kapcsolat:
10.3390/jrfm13020035