Estimating Probability of Financial Distress:An Interval-data-based Method

摘要：

　　This paper aims to provide a method that well identifies a company in high risk of falling into financial distress.By using interval data,the proposed method successfully summarizes the volatility information contained in quarterly financial data.Besides,the probability of financial distress can be estimated,which helps to better describe the risk of financial distress.An empirical study on Chinas stock market is performed,which demonstrates the merits of the proposed interval-databased method.

关键词： Financial Distress Probability Interval data

作者: Rong Guan Haolang Chen Haitao Zheng

作者单位: School of Statistics and Mathematics,Central University of Finance and Economics,Beijing 100081,Chin School of Economics and Management,Beihang University,Beijing 100191,China

会议类型: 国际会议

会议名称: The 2017 Service SystemEngineering Conference & 2017 Symposium on Analytics and Risk (SSEC&SAR 2017)(中国系统工程学会服务系统工程分会2017年年会暨2017年风险分析学术研讨会)

会议地点: 上海

会议语种:英文

页码: 14-18

在线出版日期: 2017-07-07（万方平台首次上网日期，不代表论文的发表时间）