Predicting financial distress of contractors in the construction industry using ensemble learning

作者:

Highlights:

• This study proposes financial distress prediction models based on ensemble learning.

• The models provide two- and three-year ahead prediction of financial distress.

• Performance was evaluated for contractors in South Korea from 2007 to 2012.

• The models contribute to provide a financial early warning in the construction industry.

• This model can help stakeholders to avoid damage due to financial crisis during a project.

摘要

•This study proposes financial distress prediction models based on ensemble learning.•The models provide two- and three-year ahead prediction of financial distress.•Performance was evaluated for contractors in South Korea from 2007 to 2012.•The models contribute to provide a financial early warning in the construction industry.•This model can help stakeholders to avoid damage due to financial crisis during a project.

论文关键词:Financial distress,Financial crisis,Prediction,Ensemble learning,Contractors

论文评审过程:Received 21 January 2018, Revised 21 May 2018, Accepted 22 May 2018, Available online 26 May 2018, Version of Record 29 May 2018.

论文官网地址:https://doi.org/10.1016/j.eswa.2018.05.026