Dynamics of firm financial evolution and bankruptcy prediction
作者：
Highlights：
• We estimate the degree of stability of firm financial health over several years.
• We typify firms sharing the same level of stability using a quantization method.
• We design models that fit each type.
• We compare the performance of these models to that of traditional ones.
• Our method improves mid-term forecasts when the horizon is higher than 2 years.
摘要
•We estimate the degree of stability of firm financial health over several years.•We typify firms sharing the same level of stability using a quantization method.•We design models that fit each type.•We compare the performance of these models to that of traditional ones.•Our method improves mid-term forecasts when the horizon is higher than 2 years.
论文关键词：Decision support systems,Bankruptcy prediction,Forecasting horizon
论文评审过程：Received 12 May 2016, Revised 22 December 2016, Accepted 18 January 2017, Available online 19 January 2017, Version of Record 26 January 2017.
论文官网地址：https://doi.org/10.1016/j.eswa.2017.01.016
