{"id":"https://openalex.org/W2020042829","doi":"https://doi.org/10.1111/j.1467-6281.2007.00232.x","title":"Factors Affecting the Probability of Bankruptcy: A Managerial Decision Based Approach","display_name":"Factors Affecting the Probability of Bankruptcy: A Managerial Decision Based Approach","publication_year":2007,"publication_date":"2007-08-16","ids":{"openalex":"https://openalex.org/W2020042829","doi":"https://doi.org/10.1111/j.1467-6281.2007.00232.x","mag":"2020042829"},"language":"en","primary_location":{"id":"doi:10.1111/j.1467-6281.2007.00232.x","doi":"https://doi.org/10.1111/j.1467-6281.2007.00232.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1467-6281.2007.00232.x","pdf_url":null,"source":{"id":"https://openalex.org/S161221442","display_name":"Abacus","issn_l":"0001-3072","issn":["0001-3072","1467-6281"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Abacus","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5060722553","display_name":"Maurice Peat","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I129604602","display_name":"The University of Sydney","ror":"https://ror.org/0384j8v12","country_code":"AU","type":"education","lineage":["https://openalex.org/I129604602"]}],"countries":["AU"],"is_corresponding":true,"raw_author_name":"Maurice Peat","raw_affiliation_strings":["The University of Sydney"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The University of Sydney","institution_ids":["https://openalex.org/I129604602"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5060722553"],"corresponding_institution_ids":["https://openalex.org/I129604602"],"apc_list":{"value":3400,"currency":"USD","value_usd":3400},"apc_paid":null,"fwci":6.9261,"has_fulltext":false,"cited_by_count":24,"citation_normalized_percentile":{"value":0.96740499,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"43","issue":"3","first_page":"303","last_page":"324"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12509","display_name":"Corporate Insolvency and Governance","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/bankruptcy-prediction","display_name":"bankruptcy prediction","score":0.9890000224113464},{"id":"https://openalex.org/keywords/bankruptcy-probability","display_name":"bankruptcy probability","score":0.875},{"id":"https://openalex.org/keywords/managerial-decision-making","display_name":"management decision-making","score":0.6010000109672546},{"id":"https://openalex.org/keywords/financial-ratios","display_name":"financial ratios","score":0.7059999704360962},{"id":"https://openalex.org/keywords/feature-selection","display_name":"feature selection","score":0.8830000162124634},{"id":"https://openalex.org/keywords/event-history-analysis","display_name":"event history analysis","score":0.7099999785423279},{"id":"https://openalex.org/keywords/earnings-dispersion","display_name":"earnings dispersion","score":0.8100000023841858},{"id":"https://openalex.org/keywords/financial-statement-information","display_name":"financial statement data","score":0.7390000224113464}],"concepts":[{"id":"https://openalex.org/C504631918","wikidata":"https://www.wikidata.org/wiki/Q152074","display_name":"Bankruptcy","level":2,"score":0.8564806580543518},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.6427897214889526},{"id":"https://openalex.org/C2777388754","wikidata":"https://www.wikidata.org/wiki/Q1664594","display_name":"Bankruptcy prediction","level":3,"score":0.6257012486457825},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.5424301624298096},{"id":"https://openalex.org/C49261128","wikidata":"https://www.wikidata.org/wiki/Q1132455","display_name":"Hazard","level":2,"score":0.5093621015548706},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.47787657380104065},{"id":"https://openalex.org/C120936955","wikidata":"https://www.wikidata.org/wiki/Q2155640","display_name":"Empirical research","level":2,"score":0.46635639667510986},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.44350486993789673},{"id":"https://openalex.org/C122123141","wikidata":"https://www.wikidata.org/wiki/Q176623","display_name":"Random variable","level":2,"score":0.4259435534477234},{"id":"https://openalex.org/C182365436","wikidata":"https://www.wikidata.org/wiki/Q50701","display_name":"Variable (mathematics)","level":2,"score":0.4133670926094055},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3610357940196991},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.27334630489349365},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.25468379259109497},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.19919264316558838},{"id":"https://openalex.org/C178790620","wikidata":"https://www.wikidata.org/wiki/Q11351","display_name":"Organic chemistry","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/j.1467-6281.2007.00232.x","doi":"https://doi.org/10.1111/j.1467-6281.2007.00232.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1467-6281.2007.00232.x","pdf_url":null,"source":{"id":"https://openalex.org/S161221442","display_name":"Abacus","issn_l":"0001-3072","issn":["0001-3072","1467-6281"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Abacus","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Reduced inequalities","score":0.6200000047683716,"id":"https://metadata.un.org/sdg/10"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":30,"referenced_works":["https://openalex.org/W623679323","https://openalex.org/W1559755654","https://openalex.org/W1598966510","https://openalex.org/W1868775859","https://openalex.org/W1979671915","https://openalex.org/W1997469425","https://openalex.org/W1999548781","https://openalex.org/W2005596732","https://openalex.org/W2016332917","https://openalex.org/W2020848494","https://openalex.org/W2054135546","https://openalex.org/W2060728589","https://openalex.org/W2082666455","https://openalex.org/W2098702674","https://openalex.org/W2124532504","https://openalex.org/W2153754975","https://openalex.org/W2154986218","https://openalex.org/W2161000732","https://openalex.org/W2167889446","https://openalex.org/W2223768511","https://openalex.org/W2320886145","https://openalex.org/W2395678995","https://openalex.org/W2556041444","https://openalex.org/W2995133996","https://openalex.org/W3122632517","https://openalex.org/W3123014546","https://openalex.org/W3124197748","https://openalex.org/W3125168868","https://openalex.org/W3142603130","https://openalex.org/W6771247110"],"related_works":["https://openalex.org/W1493809672","https://openalex.org/W1868775859","https://openalex.org/W2162116748","https://openalex.org/W3125168868","https://openalex.org/W1640115854","https://openalex.org/W2201167050","https://openalex.org/W4312653612","https://openalex.org/W3036732078","https://openalex.org/W6941209571","https://openalex.org/W3115640594"],"abstract_inverted_index":{"The":[0,94,155],"majority":[1,133],"of":[2,10,23,44,58,77,82,97,100,110,119,126,134,152,165],"classification":[3],"models":[4],"developed":[5],"have":[6],"used":[7],"a":[8,78,101,144],"pool":[9],"financial":[11,91],"ratios":[12],"combined":[13],"with":[14,149],"statistical":[15,114],"variable":[16],"selection":[17,43],"techniques":[18],"to":[19,35,53],"maximize":[20],"the":[21,24,42,61,75,98,105,108,117,120,127,132,138,150,153,158,163],"accuracy":[22],"classifier":[25],"constructed.":[26],"Rather":[27],"than":[28],"follow":[29],"this":[30,32],"approach,":[31],"article":[33],"seeks":[34],"provide":[36],"an":[37,55],"explicit":[38],"economic":[39,56],"basis":[40],"for":[41,46,107,160],"variables":[45,88,135],"inclusion":[47],"in":[48,69,116,137,143,162],"bankruptcy":[49,59,63,70,122],"models.":[50],"This":[51],"search":[52],"develop":[54],"theory":[57],"augments":[60],"existing":[62],"prediction":[64],"literature.":[65],"Variables":[66],"which":[67],"occur":[68],"probability":[71,123],"expressions":[72],"derived":[73,121],"from":[74,90],"solution":[76],"stochastic":[79],"optimizing":[80],"model":[81,151],"firm":[83,103],"behaviour":[84],"are":[85],"\u2018proxied\u2019":[86],"by":[87],"constructed":[89],"statement":[92],"data.":[93],"random":[95],"nature":[96],"lifetime":[99],"single":[102],"provides":[104],"rationale":[106],"use":[109],"duration":[111],"or":[112],"hazard\u2010based":[113],"methods":[115],"validation":[118,128],"expressions.":[124],"Results":[125],"exercise":[129],"confirm":[130],"that":[131,146],"included":[136],"empirical":[139],"hazard":[140],"formulation":[141],"behave":[142],"way":[145],"is":[147],"consistent":[148],"firm.":[154],"results":[156],"highlight":[157],"need":[159],"developments":[161],"measurement":[164],"earnings":[166],"dispersion.":[167]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":4},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}