Financial Distress Prediction Models of Listed Companies by Using Non-Financial Determinants in Bayesian Criterion

Financial Distress Prediction Models of Listed Companies by Using Non-Financial Determinants in Bayesian Criterion

Based on Bayesian Criterion, non-financial indicators were introduced in this paper to establish an early warning model for financial failures¿D Studies were carried out over 61 companies actually under Special Treatment (ST) and indicated that 54 of the companies were correctly judged (accuracy: 88...

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Hauptverfasser: Geng, Zhaoyuan, Tan, Lan, Gao, Xiaoli, Ma, Yining, Feng, Lufeng, Zhu, Jiaying
Format: Tagungsbericht
Sprache:eng
Schlagworte:
Accuracy
Analytical models
Bayesian methods
Companies
Indexes
Marketing and sales
Predictive models
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Beschreibung
Zusammenfassung:Based on Bayesian Criterion, non-financial indicators were introduced in this paper to establish an early warning model for financial failures¿D Studies were carried out over 61 companies actually under Special Treatment (ST) and indicated that 54 of the companies were correctly judged (accuracy: 88.5%). The results proved good prediction effectiveness of the financial distress prediction model.
DOI:10.1109/ICMSS.2011.5998341