Distress Risk and Corporate Failure Modelling: The State of the Art

This book is an introduction text to distress risk and corporate failure modelling techniques. It illustrates how to apply a wide range of corporate bankruptcy prediction models and, in turn, highlights their strengths and limitations under different circumstances. It also conceptualises the role and function of different classifiers in terms of a trade-off between model flexibility and interpretability.

Jones's illustrations and applications are based on actual company failure data and samp...