{"id":"https://openalex.org/W4390840480","doi":"https://doi.org/10.1002/for.3057","title":"Gated recurrent unit network: A promising approach to corporate default prediction","display_name":"Gated recurrent unit network: A promising approach to corporate default prediction","publication_year":2024,"publication_date":"2024-01-12","ids":{"openalex":"https://openalex.org/W4390840480","doi":"https://doi.org/10.1002/for.3057"},"language":"en","primary_location":{"id":"doi:10.1002/for.3057","doi":"https://doi.org/10.1002/for.3057","is_oa":false,"landing_page_url":"https://doi.org/10.1002/for.3057","pdf_url":null,"source":{"id":"https://openalex.org/S122161766","display_name":"Journal of Forecasting","issn_l":"0277-6693","issn":["0277-6693","1099-131X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","ki-jl-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"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":"Journal of Forecasting","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/A5031550196","display_name":"Micha\u0142 Thor","orcid":"https://orcid.org/0000-0002-7801-0765","observed_orcids":["https://orcid.org/0000-0002-7801-0765"]},"institutions":[{"id":"https://openalex.org/I4654613","display_name":"University of Warsaw","ror":"https://ror.org/039bjqg32","country_code":"PL","type":"education","lineage":["https://openalex.org/I4654613"]}],"countries":["PL"],"is_corresponding":false,"raw_author_name":"Micha\u0142 Thor","raw_affiliation_strings":["Faculty of Economic Sciences, University of Warsaw, Warsaw, Poland"],"raw_orcid":"https://orcid.org/0000-0002-7801-0765","affiliations":[{"raw_affiliation_string":"Faculty of Economic Sciences, University of Warsaw, Warsaw, Poland","institution_ids":["https://openalex.org/I4654613"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5035822620","display_name":"\u0141ukasz Postek","orcid":"https://orcid.org/0000-0003-3685-5310","observed_orcids":["https://orcid.org/0000-0003-3685-5310"]},"institutions":[{"id":"https://openalex.org/I4654613","display_name":"University of Warsaw","ror":"https://ror.org/039bjqg32","country_code":"PL","type":"education","lineage":["https://openalex.org/I4654613"]}],"countries":["PL"],"is_corresponding":true,"raw_author_name":"\u0141ukasz Postek","raw_affiliation_strings":["Faculty of Economic Sciences, University of Warsaw, Warsaw, Poland"],"raw_orcid":"https://orcid.org/0000-0003-3685-5310","affiliations":[{"raw_affiliation_string":"Faculty of Economic Sciences, University of Warsaw, Warsaw, Poland","institution_ids":["https://openalex.org/I4654613"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5035822620"],"corresponding_institution_ids":["https://openalex.org/I4654613"],"apc_list":{"value":3240,"currency":"USD","value_usd":3240},"apc_paid":null,"fwci":16.8375,"has_fulltext":false,"cited_by_count":17,"citation_normalized_percentile":{"value":0.98887365,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"43","issue":"5","first_page":"1131","last_page":"1152"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":0.9994999766349792,"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":0.9994999766349792,"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/T11326","display_name":"Stock Market Forecasting Methods","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11918","display_name":"Forecasting Techniques and Applications","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/gated-recurrent-unit","display_name":"gated recurrent unit","score":0.8579999804496765},{"id":"https://openalex.org/keywords/corporate-default-prediction","display_name":"corporate default prediction","score":0.8610000014305115},{"id":"https://openalex.org/keywords/bankruptcy-prediction","display_name":"bankruptcy prediction","score":0.9900000095367432},{"id":"https://openalex.org/keywords/long-term-dependencies","display_name":"long-range dependencies","score":0.8320000171661377},{"id":"https://openalex.org/keywords/unregulated-markets","display_name":"unregulated markets","score":0.6520000100135803},{"id":"https://openalex.org/keywords/signal-detection","display_name":"signal detection","score":0.6639999747276306},{"id":"https://openalex.org/keywords/out-of-sample-forecasting","display_name":"out-of-sample forecasting","score":0.6980000138282776},{"id":"https://openalex.org/keywords/extreme-gradient-boosting","display_name":"extreme gradient boosting","score":0.5879999995231628},{"id":"https://openalex.org/keywords/random-survival-forest","display_name":"random survival forest","score":0.9139999747276306}],"concepts":[{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.723436176776886},{"id":"https://openalex.org/C2779795794","wikidata":"https://www.wikidata.org/wiki/Q7315343","display_name":"Reset (finance)","level":2,"score":0.6212476491928101},{"id":"https://openalex.org/C70153297","wikidata":"https://www.wikidata.org/wiki/Q5591907","display_name":"Gradient boosting","level":3,"score":0.5938482880592346},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.562056303024292},{"id":"https://openalex.org/C30589699","wikidata":"https://www.wikidata.org/wiki/Q624028","display_name":"Credit default swap","level":3,"score":0.5583345293998718},{"id":"https://openalex.org/C50644808","wikidata":"https://www.wikidata.org/wiki/Q192776","display_name":"Artificial neural network","level":2,"score":0.49454113841056824},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.47496601939201355},{"id":"https://openalex.org/C46686674","wikidata":"https://www.wikidata.org/wiki/Q466303","display_name":"Boosting (machine learning)","level":2,"score":0.42689594626426697},{"id":"https://openalex.org/C147168706","wikidata":"https://www.wikidata.org/wiki/Q1457734","display_name":"Recurrent neural network","level":3,"score":0.4139266014099121},{"id":"https://openalex.org/C169258074","wikidata":"https://www.wikidata.org/wiki/Q245748","display_name":"Random forest","level":2,"score":0.40282630920410156},{"id":"https://openalex.org/C178350159","wikidata":"https://www.wikidata.org/wiki/Q162714","display_name":"Credit risk","level":2,"score":0.3713458776473999},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3704322278499603},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1442502737045288},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.11420074105262756}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1002/for.3057","doi":"https://doi.org/10.1002/for.3057","is_oa":false,"landing_page_url":"https://doi.org/10.1002/for.3057","pdf_url":null,"source":{"id":"https://openalex.org/S122161766","display_name":"Journal of Forecasting","issn_l":"0277-6693","issn":["0277-6693","1099-131X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","ki-jl-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"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":"Journal of Forecasting","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[{"id":"https://openalex.org/G5902165350","display_name":null,"funder_award_id":"BOB\u2010661\u2010447\u20102022","funder_id":"https://openalex.org/F4320323873","funder_display_name":"Uniwersytet Warszawski"}],"funders":[{"id":"https://openalex.org/F4320323873","display_name":"Uniwersytet Warszawski","ror":"https://ror.org/039bjqg32"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":70,"referenced_works":["https://openalex.org/W130779046","https://openalex.org/W581956982","https://openalex.org/W1175774059","https://openalex.org/W1502489769","https://openalex.org/W1539611688","https://openalex.org/W1696396578","https://openalex.org/W1979816698","https://openalex.org/W1983476407","https://openalex.org/W1988221687","https://openalex.org/W2003151991","https://openalex.org/W2006680549","https://openalex.org/W2011414287","https://openalex.org/W2014247029","https://openalex.org/W2024995442","https://openalex.org/W2026316875","https://openalex.org/W2043842149","https://openalex.org/W2048801439","https://openalex.org/W2052825782","https://openalex.org/W2064675550","https://openalex.org/W2076063813","https://openalex.org/W2077777528","https://openalex.org/W2081320339","https://openalex.org/W2084139018","https://openalex.org/W2115682519","https://openalex.org/W2121069620","https://openalex.org/W2124532504","https://openalex.org/W2130276587","https://openalex.org/W2143612262","https://openalex.org/W2147042167","https://openalex.org/W2148143831","https://openalex.org/W2157331557","https://openalex.org/W2161336914","https://openalex.org/W2165035706","https://openalex.org/W2232707789","https://openalex.org/W2295598076","https://openalex.org/W2319270064","https://openalex.org/W2319794630","https://openalex.org/W2606916050","https://openalex.org/W2624385633","https://openalex.org/W2766659517","https://openalex.org/W2789172526","https://openalex.org/W2801889078","https://openalex.org/W2807884051","https://openalex.org/W2810154616","https://openalex.org/W2890297193","https://openalex.org/W2894748956","https://openalex.org/W2896729341","https://openalex.org/W2897596136","https://openalex.org/W2904485001","https://openalex.org/W2966226966","https://openalex.org/W2990200113","https://openalex.org/W2996921840","https://openalex.org/W3010996902","https://openalex.org/W3013359911","https://openalex.org/W3015117712","https://openalex.org/W3020433389","https://openalex.org/W3029153374","https://openalex.org/W3094568574","https://openalex.org/W3106342405","https://openalex.org/W3121531922","https://openalex.org/W3123201237","https://openalex.org/W3125168868","https://openalex.org/W3125346872","https://openalex.org/W3131330407","https://openalex.org/W3146796711","https://openalex.org/W3147894994","https://openalex.org/W3164306853","https://openalex.org/W3180037195","https://openalex.org/W3198469918","https://openalex.org/W4312121697"],"related_works":["https://openalex.org/W3164306853","https://openalex.org/W2606916050","https://openalex.org/W3122490907","https://openalex.org/W3197336742","https://openalex.org/W2626857263","https://openalex.org/W7112161583","https://openalex.org/W6960168826","https://openalex.org/W4408107998","https://openalex.org/W2889038857","https://openalex.org/W4380049756"],"abstract_inverted_index":{"Abstract":[0],"This":[1,32,93],"paper":[2],"presents":[3],"a":[4,53,91,152],"promising":[5],"approach":[6,33],"using":[7],"gated":[8],"recurrent":[9,145],"unit":[10],"(GRU)":[11],"network":[12,58,116,160],"to":[13,62,67,174],"predict":[14],"bankruptcy":[15],"based":[16],"on":[17,28,148],"the":[18,25,36,75,84,104,114,120,149],"whole":[19],"sequence":[20],"of":[21,24,83,97,113,122,151,155,180],"financial":[22],"statements":[23],"companies":[26],"listed":[27],"an":[29],"unregulated":[30],"market.":[31],"contrasts":[34],"with":[35,45],"traditional":[37],"literature":[38],"where":[39,103],"default":[40],"prediction":[41],"is":[42,87,108,117],"usually":[43],"tackled":[44],"methods":[46,127,167],"that":[47],"do":[48],"not":[49,161],"fully":[50],"account":[51],"for":[52,89],"company's":[54],"history.":[55],"The":[56,111,158],"GRU":[57,115,159],"can":[59],"be":[60,96,175],"used":[61],"model":[63],"long\u2010term":[64],"dependencies":[65],"thanks":[66],"its":[68],"update":[69],"and":[70,79,143],"reset":[71],"gates,":[72],"which":[73],"prevent":[74],"vanishing":[76],"gradient":[77,138],"problem":[78,107],"decide":[80],"how":[81],"much":[82],"past":[85],"information":[86],"relevant":[88],"predicting":[90],"default.":[92],"aspect":[94],"may":[95],"utmost":[98],"importance":[99],"in":[100,168,178],"alternative":[101],"markets":[102],"signal":[105],"detection":[106],"particularly":[109],"strong.":[110],"performance":[112,121,156],"compared":[118],"against":[119],"other":[123],"standard":[124,144,164],"machine":[125,165],"learning":[126,166],"including":[128],"Cox":[129,133],"proportional":[130,134],"hazards,":[131],"gradient\u2010boosted":[132],"hazards":[135],"model,":[136],"extreme":[137],"boosting,":[139],"random":[140],"survival":[141],"forest,":[142],"neural":[146],"networks":[147],"basis":[150],"broad":[153],"selection":[154],"metrics.":[157],"only":[162],"outperforms":[163],"out\u2010of\u2010sample":[169,183],"forecasts":[170],"but":[171],"also":[172],"seems":[173],"more":[176],"robust":[177],"terms":[179],"in\u2010":[181],"versus":[182],"performance.":[184]},"counts_by_year":[{"year":2026,"cited_by_count":9},{"year":2025,"cited_by_count":7},{"year":2024,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2024-01-14T00:00:00"}
