Dynamic prediction of financial distress using Malmquist DEA

作者：

Highlights：

• This paper is the first to apply dynamic time-varying efficiency scores in distress prediction.

• Malmquist DEA is used to produce dynamic efficiency scores over several periods.

• Various efficiency scores are compared in discrete time hazard models.

• A comparison is made between generic and industry-specific models.

摘要

•This paper is the first to apply dynamic time-varying efficiency scores in distress prediction.•Malmquist DEA is used to produce dynamic efficiency scores over several periods.•Various efficiency scores are compared in discrete time hazard models.•A comparison is made between generic and industry-specific models.

论文关键词：Malmquist DEA,Bankruptcy prediction,Financial distress,Efficiency,Dynamic model

论文评审过程：Received 21 January 2016, Revised 5 March 2017, Accepted 6 March 2017, Available online 10 March 2017, Version of Record 17 March 2017.

论文官网地址：https://doi.org/10.1016/j.eswa.2017.03.017