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Corporate failure prediction in the European energy sector: a multicriteria approach and the effect of country characteristics

Doumpos Michael, Andriosopoulos Kostas, Galariotis, Emilios, Makridou Georgia, Zopounidis Konstantinos

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URIhttp://purl.tuc.gr/dl/dias/6989003F-988A-4B6C-9BE0-AB6BA51F563A-
Identifierhttps://www.sciencedirect.com/science/article/pii/S0377221717303570?via%3Dihub-
Identifierhttps://doi.org/10.1016/j.ejor.2017.04.024-
Languageen-
Extent14 pagesen
TitleCorporate failure prediction in the European energy sector: a multicriteria approach and the effect of country characteristicsen
CreatorDoumpos Michaelen
CreatorΔουμπος Μιχαηλel
CreatorAndriosopoulos Kostasen
CreatorGalariotis, Emiliosen
CreatorMakridou Georgiaen
CreatorZopounidis Konstantinosen
CreatorΖοπουνιδης Κωνσταντινοςel
PublisherElsevieren
Content SummaryThis study examines the development of corporate failure prediction models for European firms in the energy sector, using a large dataset from 18 countries. The construction of the models is based on a multiple criteria decision aid (MCDA) approach taking into account both ordinal criteria and nominal country-sector effects. The analysis is based on different modeling specifications. First, traditional financial variables are examined, which are then extended with additional country-level data related to the economic and business environment, as well as data about the energy efficiency policies of the countries and the characteristics of their energy markets and networks. The results indicate that energy-related attributes have high discriminating power and add valuable information compared to the other attributes.en
Type of ItemPeer-Reviewed Journal Publicationen
Type of ItemΔημοσίευση σε Περιοδικό με Κριτέςel
Licensehttp://creativecommons.org/licenses/by/4.0/en
Date of Item2018-03-23-
Date of Publication2017-
SubjectEnergy managementen
SubjectEnergy sectoren
SubjectFinancial distressen
SubjectMultiple criteria analysisen
Bibliographic CitationM. Doumpos, K. Andriosopoulos, E. Galariotis, G. Makridou and C. Zopounidis, "Corporate failure prediction in the European energy sector: A multicriteria approach and the effect of country characteristics," Eur. J. Oper. Res., vol.262, no.1, pp. 347-360, Oct. 2017. doi:10.1016/j.ejor.2017.04.024en

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