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Corporate Default Prediction with Industry Effects: Evidence from Emerging Markets

Year 2016, Volume: 6 Issue: 3, 161 - 169, 01.05.2016

Maryam Mirzaei Suresh Ramakrishnan Mahmoud Bekri

https://izlik.org/JA64UB22UE

Abstract

The accurate prediction of corporate bankruptcy for the firms in different industries is of a great concern to investors and creditors. Firm-specific data accompany with industry and macroeconomic factors offer a potentially large number of candidate predictors of corporate default. We employ a predictor selection procedure based on non-parametric regression and classification tree method (CART) and test its performance within a standard logistic regression model. Overall entire analyses indicate that the orientation between firm-level determinants and the probability of default is affected by each industry's characteristics. As well, our selection method represents an efficient way of introducing non-linear effects of predictor variables on the default probability.

Keywords

Default prediction modelling Industry effects Emerging markets

Year 2016, Volume: 6 Issue: 3, 161 - 169, 01.05.2016

Maryam Mirzaei Suresh Ramakrishnan Mahmoud Bekri

https://izlik.org/JA64UB22UE

Abstract

There are 0 citations in total.

Details

Other ID JA24NP88RS
Authors

Maryam Mirzaei This is me

Suresh Ramakrishnan This is me

Mahmoud Bekri This is me

Publication Date May 1, 2016
IZ https://izlik.org/JA64UB22UE
Published in Issue Year 2016 Volume: 6 Issue: 3

Cite

APA Mirzaei, M., Ramakrishnan, S., & Bekri, M. (2016). Corporate Default Prediction with Industry Effects: Evidence from Emerging Markets. International Journal of Economics and Financial Issues, 6(3), 161-169. https://izlik.org/JA64UB22UE
AMA 1.Mirzaei M, Ramakrishnan S, Bekri M. Corporate Default Prediction with Industry Effects: Evidence from Emerging Markets. IJEFI. 2016;6(3):161-169. https://izlik.org/JA64UB22UE
Chicago Mirzaei, Maryam, Suresh Ramakrishnan, and Mahmoud Bekri. 2016. “Corporate Default Prediction With Industry Effects: Evidence from Emerging Markets”. International Journal of Economics and Financial Issues 6 (3): 161-69. https://izlik.org/JA64UB22UE.
EndNote Mirzaei M, Ramakrishnan S, Bekri M (May 1, 2016) Corporate Default Prediction with Industry Effects: Evidence from Emerging Markets. International Journal of Economics and Financial Issues 6 3 161–169.
IEEE [1]M. Mirzaei, S. Ramakrishnan, and M. Bekri, “Corporate Default Prediction with Industry Effects: Evidence from Emerging Markets”, IJEFI, vol. 6, no. 3, pp. 161–169, May 2016, [Online]. Available: https://izlik.org/JA64UB22UE
ISNAD Mirzaei, Maryam - Ramakrishnan, Suresh - Bekri, Mahmoud. “Corporate Default Prediction With Industry Effects: Evidence from Emerging Markets”. International Journal of Economics and Financial Issues 6/3 (May 1, 2016): 161-169. https://izlik.org/JA64UB22UE.
JAMA 1.Mirzaei M, Ramakrishnan S, Bekri M. Corporate Default Prediction with Industry Effects: Evidence from Emerging Markets. IJEFI. 2016;6:161–169.
MLA Mirzaei, Maryam, et al. “Corporate Default Prediction With Industry Effects: Evidence from Emerging Markets”. International Journal of Economics and Financial Issues, vol. 6, no. 3, May 2016, pp. 161-9, https://izlik.org/JA64UB22UE.
Vancouver 1.Maryam Mirzaei, Suresh Ramakrishnan, Mahmoud Bekri. Corporate Default Prediction with Industry Effects: Evidence from Emerging Markets. IJEFI [Internet]. 2016 May 1;6(3):161-9. Available from: https://izlik.org/JA64UB22UE