Bankruptcy prediction in Norway : a comparison study

@inproceedings{Dakovic2007BankruptcyPI,
  title={Bankruptcy prediction in Norway : a comparison study},
  author={Rada Dakovic},
  year={2007}
}
In this paper we develop statistical models for bankruptcy prediction of Norwegian firms in the limited liability sector using annual balance sheet information. We fit generalized linear-, generalized linear mixedand generalized additive models in a discrete hazard setting. It is demonstrated that careful examination of the functional relationship between the explanatory variables and the probability of bankruptcy enhances the models’ forecasting performance. Using information on the industry… CONTINUE READING

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