Generalized Qualitative Response Models and the Prediction of Bankruptcy

Posted: 20 Dec 1998

See all articles by Jeffrey L. Coles

Jeffrey L. Coles

University of Utah - Department of Finance; Arizona State University (ASU) - Finance Department

Michael L. Lemmon

University of Utah - Department of Finance

José R. Suay

affiliation not provided to SSRN

Date Written: September 1994

Abstract

This paper presents some preliminary results on predicting corporate bankruptcy using a generalized qualitative response model. The results suggest that these models may provide some improvement in forecasting as compared to a Logit model.

JEL Classification: G33

Suggested Citation

Coles, Jeffrey L. and Lemmon, Michael L. and Suay, José R., Generalized Qualitative Response Models and the Prediction of Bankruptcy (September 1994 ). Available at SSRN: https://ssrn.com/abstract=5715

Jeffrey L. Coles

University of Utah - Department of Finance ( email )

David Eccles School of Business
Salt Lake City, UT 84112
United States
801-587-9093 (Phone)

Arizona State University (ASU) - Finance Department ( email )

W. P. Carey School of Business
P.O. Box 873906
Tempe, AZ 85287-3906
United States
480-965-4475 (Phone)
480-965-8539 (Fax)

Michael L. Lemmon (Contact Author)

University of Utah - Department of Finance ( email )

David Eccles School of Business
Salt Lake City, UT 84112
United States
801-585-5210 (Phone)
801-581-7214 (Fax)

José R. Suay

affiliation not provided to SSRN

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