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Business failure prediction using rough sets: A comparison with multivariate analysis techniques

Zopounidis Konstantinos, Doumpos, Michael, Dimitras, A. I, Susmaga, R, Słowiński, Roman

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URIhttp://purl.tuc.gr/dl/dias/94CCFFD3-2C22-4636-91E8-8A7282CE8110-
Languageen-
Extent31 pagesen
Title Business failure prediction using rough sets: A comparison with multivariate analysis techniquesen
CreatorZopounidis Konstantinosen
CreatorΖοπουνιδης Κωνσταντινοςel
CreatorDoumpos, Michaelen
CreatorDimitras, A. Ien
CreatorSusmaga, Ren
CreatorSłowiński, Romanen
Content SummarySeveral multivariate analysis techniques have been used in the past for the prediction of business failure. Although some of these methods lead to models with a satisfactory ability to discriminate between healthy and bankrupt firms, they suffer from some limitations, often due to the unrealistic assumption of statistical hypotheses or due to a confusing language of communication with the decision makers. The aim of this research is to overcome these limitations. In this pa-per the rough set approach, an alter-native method, is used to provide a set of rules able to discriminate between healthy and bankrupt firms in order to predict business failure. Financial characteristics of a large sample of 80 Greek firms are used to derive a set of rules and to evaluate its prediction ability. The results are very encouraging, compared with those of discriminant, logit and probit analyses, and prove the usefulness of the proposed method for business failure prediction.en
Type of ItemPeer-Reviewed Journal Publicationen
Type of ItemΔημοσίευση σε Περιοδικό με Κριτέςel
Licensehttp://creativecommons.org/licenses/by/4.0/en
Date of Item2015-10-27-
Date of Publication1999-
SubjectCapability, Financial (Financial literacy)en
SubjectFinancial capability (Financial literacy)en
SubjectLiteracy, Financialen
Subjectfinancial literacyen
Subjectcapability financial financial literacyen
Subjectfinancial capability financial literacyen
Subjectliteracy financialen
Bibliographic CitationC. Zopounidis, R. Slowinski, M. Doumpos, A.I. Dimitras , R. Susmaga ," Business failure prediction using rough sets: A comparison with multivariate analysis techniques," Fuzzy Ec. Review, vol. 4, no 1, pp.3-33,1999.en

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