A comparative analysis of two-stage distress prediction models

作者：

Highlights：

• Decomposition of SBM measure into PTE, SE, and ME measures is proposed.

• Contribution of PTE, SE and ME in developing DPMs are analysed.

• Contribution of market and management efficiency measures in DPMs are analysed.

• A comprehensive comparison between static and dynamic two-stage DPMs is provided.

摘要

•Decomposition of SBM measure into PTE, SE, and ME measures is proposed.•Contribution of PTE, SE and ME in developing DPMs are analysed.•Contribution of market and management efficiency measures in DPMs are analysed.•A comprehensive comparison between static and dynamic two-stage DPMs is provided.

论文关键词：Corporate two-stage distress prediction,Efficiency,Data envelopment analysis,Malmquist index

论文评审过程：Received 18 January 2018, Revised 29 October 2018, Accepted 31 October 2018, Available online 2 November 2018, Version of Record 9 November 2018.

论文官网地址：https://doi.org/10.1016/j.eswa.2018.10.053