{"id":"https://openalex.org/W4390986638","doi":"https://doi.org/10.3390/ijfs12010008","title":"Is Artificial Intelligence Really More Accurate in Predicting Bankruptcy?","display_name":"Is Artificial Intelligence Really More Accurate in Predicting Bankruptcy?","publication_year":2024,"publication_date":"2024-01-18","ids":{"openalex":"https://openalex.org/W4390986638","doi":"https://doi.org/10.3390/ijfs12010008"},"language":"en","primary_location":{"id":"doi:10.3390/ijfs12010008","doi":"https://doi.org/10.3390/ijfs12010008","is_oa":true,"landing_page_url":"https://doi.org/10.3390/ijfs12010008","pdf_url":"https://www.mdpi.com/2227-7072/12/1/8/pdf?version=1705586969","source":{"id":"https://openalex.org/S2764827305","display_name":"International Journal of Financial Studies","issn_l":"2227-7072","issn":["2227-7072"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["anvur-scientific","cwts-core","doaj","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Financial Studies","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.mdpi.com/2227-7072/12/1/8/pdf?version=1705586969","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5061496913","display_name":"Stanislav Letkovsk\u00fd","orcid":"https://orcid.org/0000-0001-9111-4940","observed_orcids":["https://orcid.org/0000-0001-9111-4940"]},"institutions":[{"id":"https://openalex.org/I173161963","display_name":"University of Pre\u0161ov","ror":"https://ror.org/02ndfsn03","country_code":"SK","type":"education","lineage":["https://openalex.org/I173161963"]}],"countries":["SK"],"is_corresponding":false,"raw_author_name":"Stanislav Letkovsk\u00fd","raw_affiliation_strings":["Faculty of Management and Business, University of Presov, 080 01 Presov, Slovakia"],"raw_orcid":"https://orcid.org/0000-0001-9111-4940","affiliations":[{"raw_affiliation_string":"Faculty of Management and Business, University of Presov, 080 01 Presov, Slovakia","institution_ids":["https://openalex.org/I173161963"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5011772656","display_name":"Sylvia Jen\u010dov\u00e1","orcid":"https://orcid.org/0000-0002-0736-0880","observed_orcids":["https://orcid.org/0000-0002-0736-0880"]},"institutions":[{"id":"https://openalex.org/I173161963","display_name":"University of Pre\u0161ov","ror":"https://ror.org/02ndfsn03","country_code":"SK","type":"education","lineage":["https://openalex.org/I173161963"]}],"countries":["SK"],"is_corresponding":false,"raw_author_name":"Sylvia Jen\u010dov\u00e1","raw_affiliation_strings":["Faculty of Management and Business, University of Presov, 080 01 Presov, Slovakia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Management and Business, University of Presov, 080 01 Presov, Slovakia","institution_ids":["https://openalex.org/I173161963"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5015753550","display_name":"Petra Va\u0161ani\u010dov\u00e1","orcid":"https://orcid.org/0000-0001-7353-2057","observed_orcids":["https://orcid.org/0000-0001-7353-2057"]},"institutions":[{"id":"https://openalex.org/I173161963","display_name":"University of Pre\u0161ov","ror":"https://ror.org/02ndfsn03","country_code":"SK","type":"education","lineage":["https://openalex.org/I173161963"]}],"countries":["SK"],"is_corresponding":true,"raw_author_name":"Petra Va\u0161ani\u010dov\u00e1","raw_affiliation_strings":["Faculty of Management and Business, University of Presov, 080 01 Presov, Slovakia"],"raw_orcid":"https://orcid.org/0000-0001-7353-2057","affiliations":[{"raw_affiliation_string":"Faculty of Management and Business, University of Presov, 080 01 Presov, Slovakia","institution_ids":["https://openalex.org/I173161963"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5015753550"],"corresponding_institution_ids":["https://openalex.org/I173161963"],"apc_list":{"value":1800,"currency":"CHF","value_usd":2046},"apc_paid":{"value":1800,"currency":"CHF","value_usd":2046},"fwci":11.9238,"has_fulltext":true,"cited_by_count":12,"citation_normalized_percentile":{"value":0.98068375,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"12","issue":"1","first_page":"8","last_page":"8"},"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":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"}},{"id":"https://openalex.org/T11918","display_name":"Forecasting Techniques and Applications","score":0.0,"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/bankruptcy-prediction","display_name":"bankruptcy prediction","score":0.9959999918937683},{"id":"https://openalex.org/keywords/early-warning-systems","display_name":"early warning systems","score":0.7279999852180481},{"id":"https://openalex.org/keywords/chemical-industry","display_name":"chemical industry","score":0.8190000057220459},{"id":"https://openalex.org/keywords/neural-network","display_name":"artificial neural networks","score":0.7379999756813049},{"id":"https://openalex.org/keywords/support-vector-machine","display_name":"support vector machine","score":0.9909999966621399},{"id":"https://openalex.org/keywords/decision-tree","display_name":"decision tree","score":0.9879999756813049},{"id":"https://openalex.org/keywords/logistic-regression","display_name":"logistic regression","score":0.9980000257492065},{"id":"https://openalex.org/keywords/financial-indicators","display_name":"financial indicators","score":0.7419999837875366},{"id":"https://openalex.org/keywords/model-comparison","display_name":"model comparison","score":0.6079999804496765}],"concepts":[{"id":"https://openalex.org/C504631918","wikidata":"https://www.wikidata.org/wiki/Q152074","display_name":"Bankruptcy","level":2,"score":0.7869209051132202},{"id":"https://openalex.org/C2777388754","wikidata":"https://www.wikidata.org/wiki/Q1664594","display_name":"Bankruptcy prediction","level":3,"score":0.6536661982536316},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.6081762313842773},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.5935733914375305},{"id":"https://openalex.org/C50644808","wikidata":"https://www.wikidata.org/wiki/Q192776","display_name":"Artificial neural network","level":2,"score":0.5615771412849426},{"id":"https://openalex.org/C12267149","wikidata":"https://www.wikidata.org/wiki/Q282453","display_name":"Support vector machine","level":2,"score":0.5112247467041016},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.49974727630615234},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.4792894721031189},{"id":"https://openalex.org/C29825287","wikidata":"https://www.wikidata.org/wiki/Q1427940","display_name":"Warning system","level":2,"score":0.45448043942451477},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.44835150241851807},{"id":"https://openalex.org/C112930515","wikidata":"https://www.wikidata.org/wiki/Q4389547","display_name":"Risk analysis (engineering)","level":1,"score":0.35032740235328674},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.15636950731277466},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.15316307544708252},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.1521908938884735},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C76155785","wikidata":"https://www.wikidata.org/wiki/Q418","display_name":"Telecommunications","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}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.3390/ijfs12010008","doi":"https://doi.org/10.3390/ijfs12010008","is_oa":true,"landing_page_url":"https://doi.org/10.3390/ijfs12010008","pdf_url":"https://www.mdpi.com/2227-7072/12/1/8/pdf?version=1705586969","source":{"id":"https://openalex.org/S2764827305","display_name":"International Journal of Financial Studies","issn_l":"2227-7072","issn":["2227-7072"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["anvur-scientific","cwts-core","doaj","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Financial Studies","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:gam:jijfss:v:12:y:2024:i:1:p:8-:d:1321865","doi":null,"is_oa":false,"landing_page_url":"https://www.mdpi.com/2227-7072/12/1/8/","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:d15e431d93b945148352d2b17ce6e261","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/d15e431d93b945148352d2b17ce6e261","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"International Journal of Financial Studies, Vol 12, Iss 1, p 8 (2024)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.3390/ijfs12010008","doi":"https://doi.org/10.3390/ijfs12010008","is_oa":true,"landing_page_url":"https://doi.org/10.3390/ijfs12010008","pdf_url":"https://www.mdpi.com/2227-7072/12/1/8/pdf?version=1705586969","source":{"id":"https://openalex.org/S2764827305","display_name":"International Journal of Financial Studies","issn_l":"2227-7072","issn":["2227-7072"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["anvur-scientific","cwts-core","doaj","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Financial Studies","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320312330","display_name":"Slovensk\u00e1 Akad\u00e9mia Vied","ror":"https://ror.org/03h7qq074"},{"id":"https://openalex.org/F4320323640","display_name":"Kult\u00farna a Edukacn\u00e1 Grantov\u00e1 Agent\u00fara M\u0160VVa\u0160 SR","ror":"https://ror.org/044gwpv05"},{"id":"https://openalex.org/F4320323641","display_name":"Vedeck\u00e1 Grantov\u00e1 Agent\u00fara M\u0160VVa\u0160 SR a SAV","ror":"https://ror.org/044gwpv05"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4390986638.pdf","grobid_xml":"https://content.openalex.org/works/W4390986638.grobid-xml"},"referenced_works_count":44,"referenced_works":["https://openalex.org/W1975102236","https://openalex.org/W1988221687","https://openalex.org/W1997841356","https://openalex.org/W2006680549","https://openalex.org/W2017666414","https://openalex.org/W2017988846","https://openalex.org/W2020848494","https://openalex.org/W2048801439","https://openalex.org/W2093610415","https://openalex.org/W2115682519","https://openalex.org/W2124532504","https://openalex.org/W2148143831","https://openalex.org/W2149706766","https://openalex.org/W2165035706","https://openalex.org/W2592858280","https://openalex.org/W2606540025","https://openalex.org/W2766659517","https://openalex.org/W2793072731","https://openalex.org/W2914623390","https://openalex.org/W2939367930","https://openalex.org/W2993384715","https://openalex.org/W3080086522","https://openalex.org/W3119089650","https://openalex.org/W3144405945","https://openalex.org/W3176554092","https://openalex.org/W3185891410","https://openalex.org/W3207812601","https://openalex.org/W4206216493","https://openalex.org/W4211007335","https://openalex.org/W4224302811","https://openalex.org/W4239510810","https://openalex.org/W4281792374","https://openalex.org/W4284969990","https://openalex.org/W4293073087","https://openalex.org/W4310677432","https://openalex.org/W4313392768","https://openalex.org/W4313894543","https://openalex.org/W4316928393","https://openalex.org/W4317934281","https://openalex.org/W4318472812","https://openalex.org/W4319240431","https://openalex.org/W4319982944","https://openalex.org/W4378649884","https://openalex.org/W4399425769"],"related_works":["https://openalex.org/W4390755122","https://openalex.org/W4406243048","https://openalex.org/W4386704464","https://openalex.org/W4410136572","https://openalex.org/W2769240347","https://openalex.org/W2941722791","https://openalex.org/W3200144659","https://openalex.org/W4313392768","https://openalex.org/W3013529556","https://openalex.org/W4406824862"],"abstract_inverted_index":{"Predicting":[0],"bankruptcy":[1,107,184],"within":[2],"selected":[3],"industries":[4],"is":[5,158,216,244],"crucial":[6],"because":[7],"of":[8,16,57,71,154,166,178,199,212,230,248],"the":[9,52,69,80,111,125,155,159,172,200,209,226,231],"potential":[10,53],"ripple":[11],"effects":[12],"and":[13,116,144,191,251,268],"unique":[14],"characteristics":[15],"those":[17],"industries.":[18],"It":[19],"serves":[20],"as":[21,131,133],"a":[22,217],"risk":[23],"management":[24],"tool,":[25],"guiding":[26],"various":[27],"stakeholders":[28],"in":[29,41,99,114,171,188,241],"making":[30],"decisions.":[31],"While":[32],"artificial":[33,136],"intelligence":[34],"(AI)":[35],"has":[36],"shown":[37],"high":[38],"success":[39],"rates":[40],"classification":[42],"tasks,":[43],"it":[44],"remains":[45],"uncertain":[46],"whether":[47],"its":[48],"use":[49],"significantly":[50],"enhances":[51],"for":[54,110,183],"early":[55],"warning":[56],"impending":[58],"problems.":[59],"The":[60,148,162,176,194,255],"following":[61,256],"question":[62,257],"arises:":[63,258],"will":[64],"classical":[65,84,126,237],"methods":[66,85,157,202,239],"eventually":[67],"replace":[68],"effectiveness":[70],"these":[72,263],"advanced":[73],"techniques?":[74],"This":[75,102,220],"paper":[76,103],"sheds":[77],"light":[78],"on":[79],"fact":[81],"that":[82,90,197],"even":[83],"continue":[86],"to":[87,105,117,151,225,236,259],"achieve":[88],"results":[89,195],"are":[91,122],"not":[92],"far":[93],"behind,":[94],"highlighting":[95],"their":[96,119,252],"enduring":[97],"importance":[98],"financial":[100,180],"analysis.":[101],"aims":[104,150],"develop":[106],"prediction":[108,185],"models":[109,250],"chemical":[112,174],"industry":[113],"Slovakia":[115],"compare":[118],"effectiveness.":[120],"Predictions":[121],"generated":[123],"using":[124],"logistic":[127],"regression":[128],"(LR)":[129],"method":[130,215],"well":[132],"AI":[134],"techniques,":[135],"neural":[137],"networks":[138],"(ANNs),":[139],"support":[140],"vector":[141],"machines":[142],"(SVMs),":[143],"decision":[145],"trees":[146],"(DTs).":[147],"analysis":[149],"determine":[152],"which":[153],"employed":[156,240],"most":[160],"efficient.":[161],"research":[163,190],"sample":[164],"consists":[165],"circa":[167],"600":[168],"enterprises":[169],"operating":[170],"Slovak":[173],"industry.":[175],"selection":[177],"eleven":[179],"indicators":[181],"used":[182],"was":[186],"grounded":[187],"prior":[189],"existing":[192],"literature.":[193],"show":[196],"all":[198],"explored":[201],"yielded":[203],"highly":[204],"similar":[205],"outcomes.":[206],"Therefore,":[207],"determining":[208],"clear":[210],"superiority":[211],"any":[213],"single":[214],"difficult":[218],"task.":[219],"might":[221],"be":[222],"partially":[223],"due":[224],"potentially":[227],"reduced":[228],"quality":[229],"input":[232],"data.":[233],"In":[234],"addition":[235],"statistical":[238],"econometrics,":[242],"there":[243],"an":[245],"ongoing":[246],"development":[247],"AI-based":[249],"hybrid":[253],"forms.":[254],"what":[260],"extent":[261],"can":[262],"newer":[264],"approaches":[265],"enhance":[266],"accuracy":[267],"effectiveness?":[269]},"counts_by_year":[{"year":2026,"cited_by_count":5},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":1}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2024-01-19T00:00:00"}