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Business failure prediction using the UTADIS multicriteria analysis method

Zopounidis Konstantinos, Doumpos, Michael

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URIhttp://purl.tuc.gr/dl/dias/E956F6AF-1207-4C05-BBD5-8FA17A8B3084-
Identifierhttps://doi.org/10.1057/palgrave.jors.2600818-
Languageen-
Extent11 pagesen
TitleBusiness failure prediction using the UTADIS multicriteria analysis methoden
CreatorZopounidis Konstantinosen
CreatorΖοπουνιδης Κωνσταντινοςel
CreatorDoumpos, Michaelen
Content SummaryBusiness failure prediction is one of the most essential problems in the field of financial management. The research on developing quantitative business failure prediction models has been focused on building discriminant models to distinguish among failed and non-failed firms. Several researchers in this field have proposed multivariate statistical discrimination techniques. This paper explores the applicability of multicriteria analysis to predict business failure. Four preference disaggregation methods, namely the UTADIS method and three of its variants, are compared to three well-known multivariate statistical and econometric techniques, namely discriminant analysis, logit and probit analyses. A basic (learning) sample and a holdout (testing) sample are used to perform the comparison. Through this comparison, the relative performance of all the aforementioned methods is investigated regarding their discriminating and predicting ability.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, M. Doumpos ," Business failure prediction using the UTADIS multicriteria analysis method," J. of the Operational Res. Society, vol. 50, no. 11, pp. 1138-1148 ,1999.doi:10.1057/palgrave.jors.2600818en

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