Redirigiendo al acceso original de articulo en 20 segundos...
ARTÍCULO
TITULO

Is Artificial Intelligence Really More Accurate in Predicting Bankruptcy?

Stanislav Letkovský    
Sylvia Jencová and Petra Va?anicová    

Resumen

Predicting bankruptcy within selected industries is crucial because of the potential ripple effects and unique characteristics of those industries. It serves as a risk management tool, guiding various stakeholders in making decisions. While artificial intelligence (AI) has shown high success rates in classification tasks, it remains uncertain whether its use significantly enhances the potential for early warning of impending problems. The following question arises: will classical methods eventually replace the effectiveness of these advanced techniques? This paper sheds light on the fact that even classical methods continue to achieve results that are not far behind, highlighting their enduring importance in financial analysis. This paper aims to develop bankruptcy prediction models for the chemical industry in Slovakia and to compare their effectiveness. Predictions are generated using the classical logistic regression (LR) method as well as AI techniques, artificial neural networks (ANNs), support vector machines (SVMs), and decision trees (DTs). The analysis aims to determine which of the employed methods is the most efficient. The research sample consists of circa 600 enterprises operating in the Slovak chemical industry. The selection of eleven financial indicators used for bankruptcy prediction was grounded in prior research and existing literature. The results show that all of the explored methods yielded highly similar outcomes. Therefore, determining the clear superiority of any single method is a difficult task. This might be partially due to the potentially reduced quality of the input data. In addition to classical statistical methods employed in econometrics, there is an ongoing development of AI-based models and their hybrid forms. The following question arises: to what extent can these newer approaches enhance accuracy and effectiveness?

 Artículos similares

       
 
José-Francisco Vergara-Perucich    
This article presents the results of a bibliometric review of the study of real estate bubbles in the scientific literature indexed in Web of Science and Scopus, from 2007 to 2022. The analysis was developed using a sample of 2276 documents, which were r... ver más

 
Sumeet Lal, Abdul-Salam Sulemana, Trinh Xuan Thi Nguyen, Mostafa Saidur Rahim Khan and Yoshihiko Kadoya    
Although the traditional sources of financial knowledge in Japan are financial advisors and investment groups, the digital era and artificial intelligence have made other sources of information, such as social media and mass media, more influential. As s... ver más

 
Gaurang Sonkavde, Deepak Sudhakar Dharrao, Anupkumar M. Bongale, Sarika T. Deokate, Deepak Doreswamy and Subraya Krishna Bhat    
The financial sector has greatly impacted the monetary well-being of consumers, traders, and financial institutions. In the current era, artificial intelligence is redefining the limits of the financial markets based on state-of-the-art machine learning ... ver más

 
Valentin Kuleto,Milena Ilic,Rocsana Bucea-Manea-?onis,Zorana ?ivanovic,Dan Paun     Pág. 5 - 15
LINK Educational Alliance (LEA is an educational group based in the Republic of Serbia which involves privately owned providers of formal and informal education, the format for the development of Educational Technologies services and Business support for... ver más

 
Liliana Ciresica Stoica     Pág. 93 - 101
The banking system is one of the main areas in which Artificial Intelligence (AI) has been rapidly adopted and implemented, which has led to the automation of many processes.In this context, the "ethics" of the entire banking system is governed by sound ... ver más