<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422019000300006</article-id>
<article-id pub-id-type="doi">10.22201/fca.24488410e.2018.1488</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Modelos centrados vs descentrados para la predicción de quiebra: evidencia empírica para España]]></article-title>
<article-title xml:lang="en"><![CDATA[Focused vs unfocused models for bankruptcy prediction: Empirical evidence for Spain]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Laguillo]]></surname>
<given-names><![CDATA[Gonzalo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Castillo]]></surname>
<given-names><![CDATA[Agustín del]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Fernández]]></surname>
<given-names><![CDATA[Manuel Ángel]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Becerra]]></surname>
<given-names><![CDATA[Rafael]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Málaga  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Spain</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2019</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2019</year>
</pub-date>
<volume>64</volume>
<numero>2</numero>
<fpage>0</fpage>
<lpage>0</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422019000300006&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422019000300006&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422019000300006&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Usando información financiera de empresas españolas pertenecientes a distintos sectores económicos, este estudio ha desarrollado modelos centrados y descentrados para la predicción de quiebra. La comparación de ambos tipos de modelos nos ha permitido determinar la superioridad de los modelos descentrados, que en la mayor parte de los casos muestran una gran capacidad de predicción y un fuerte ahorro de costes de elaboración frente al desarrollo de numerosos modelos centrados. Este estudio también aporta conocimiento acerca de las variables que explican la quiebra en los diferentes sectores económicos y ayuda a la toma de decisiones sobre la utilización de un determinado modelo de predicción de quiebra.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Using financial information from Spanish companies belonging to different economic sectors, this study has developed focused and unfocused models for bankruptcy prediction. The comparison of both types of models has allowed us to determine the superiority of unfocused models, which in most cases show a great predictive capacity and reduce the elaboration cost of numerous focused models. This study also provides insight into the variables that explain bankrupt-cy in different economic sectors and helps decision making on the use of a specific model of bankruptcy prediction.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[C53]]></kwd>
<kwd lng="es"><![CDATA[G33]]></kwd>
<kwd lng="es"><![CDATA[Predicción de quiebra]]></kwd>
<kwd lng="es"><![CDATA[ratios financieros]]></kwd>
<kwd lng="es"><![CDATA[regresión logística]]></kwd>
<kwd lng="es"><![CDATA[sectores económicos]]></kwd>
<kwd lng="en"><![CDATA[C53]]></kwd>
<kwd lng="en"><![CDATA[G33]]></kwd>
<kwd lng="en"><![CDATA[bankruptcy prediction]]></kwd>
<kwd lng="en"><![CDATA[financial ratios]]></kwd>
<kwd lng="en"><![CDATA[logistic regression]]></kwd>
<kwd lng="en"><![CDATA[economic sectors]]></kwd>
</kwd-group>
</article-meta>
</front><back>
<ref-list>
<ref id="B1">
<nlm-citation citation-type="confpro">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Akaike]]></surname>
<given-names><![CDATA[H.]]></given-names>
</name>
<name>
<surname><![CDATA[Petrov]]></surname>
<given-names><![CDATA[B. N.]]></given-names>
</name>
<name>
<surname><![CDATA[Csaki]]></surname>
<given-names><![CDATA[F.]]></given-names>
</name>
</person-group>
<source><![CDATA[Information theory and an extension of the maximum likelihood principle]]></source>
<year>1973</year>
<conf-name><![CDATA[ Secondinternational symposium on information theory]]></conf-name>
<conf-loc> </conf-loc>
<page-range>267-81</page-range></nlm-citation>
</ref>
<ref id="B2">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Alam]]></surname>
<given-names><![CDATA[P.]]></given-names>
</name>
<name>
<surname><![CDATA[Booth]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
<name>
<surname><![CDATA[Lee]]></surname>
<given-names><![CDATA[K.]]></given-names>
</name>
<name>
<surname><![CDATA[Thordarson]]></surname>
<given-names><![CDATA[T.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The use of fuzzy clustering algorithm and self-organizing neural networks for identifying potentially failing banks: An experimental study]]></article-title>
<source><![CDATA[Expert Systems with Applications]]></source>
<year>2000</year>
<volume>18</volume>
<page-range>185-99</page-range></nlm-citation>
</ref>
<ref id="B3">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Alaminos]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
<name>
<surname><![CDATA[Del Castillo]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Fernández]]></surname>
<given-names><![CDATA[M.A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A global model for bankruptcy prediction]]></article-title>
<source><![CDATA[PLoS ONE]]></source>
<year>2016</year>
<volume>11</volume>
</nlm-citation>
</ref>
<ref id="B4">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Altman]]></surname>
<given-names><![CDATA[E.I.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Financial ratios, discriminant analysis and the prediction of corporate bankruptcy]]></article-title>
<source><![CDATA[Journal of Finance]]></source>
<year>1968</year>
<volume>23</volume>
<numero>4</numero>
<issue>4</issue>
<page-range>589-609</page-range></nlm-citation>
</ref>
<ref id="B5">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Altman]]></surname>
<given-names><![CDATA[E.I.]]></given-names>
</name>
<name>
<surname><![CDATA[Iwanicz-Drozdowska]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Laitinen]]></surname>
<given-names><![CDATA[E.K.]]></given-names>
</name>
<name>
<surname><![CDATA[Suvas]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Financial distress prediction in an inter-national context: A review and empirical analysis of Altman&#8217;s Z-score model]]></article-title>
<source><![CDATA[Journal of International Financial Management &amp; Accounting]]></source>
<year>2017</year>
<volume>28</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>131-71</page-range></nlm-citation>
</ref>
<ref id="B6">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Altman]]></surname>
<given-names><![CDATA[E.I.]]></given-names>
</name>
<name>
<surname><![CDATA[Marco]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
<name>
<surname><![CDATA[Varetto]]></surname>
<given-names><![CDATA[F.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Corporate distress diagnosis: Comparisons using linear discriminant analysis and neural networks (The Italian experience)]]></article-title>
<source><![CDATA[Journal of Banking and Finance]]></source>
<year>1994</year>
<volume>18</volume>
<page-range>505-29</page-range></nlm-citation>
</ref>
<ref id="B7">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Appetiti]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Identifying unsound firms in Italy: An attempt to use trend variables]]></article-title>
<source><![CDATA[Journal of Banking and Finance]]></source>
<year>1984</year>
<volume>8</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>269-79</page-range></nlm-citation>
</ref>
<ref id="B8">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Bartoloni]]></surname>
<given-names><![CDATA[E.]]></given-names>
</name>
<name>
<surname><![CDATA[Baussola]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Financial Performance in Manufacturing Firms: A comparison between parametric and non-parametric approaches]]></article-title>
<source><![CDATA[Business Economics]]></source>
<year>2014</year>
<volume>49</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>32-45</page-range></nlm-citation>
</ref>
<ref id="B9">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Beaver]]></surname>
<given-names><![CDATA[W.H.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Financial ratios as predictors of failure]]></article-title>
<source><![CDATA[Journal of Accounting Research]]></source>
<year>1966</year>
<volume>5</volume>
<page-range>71-111</page-range></nlm-citation>
</ref>
<ref id="B10">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Bellovary]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Giacomino]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
<name>
<surname><![CDATA[Akers]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A Review of Bankruptcy Prediction Studies: 1930 to Present]]></article-title>
<source><![CDATA[Journal of Financial Education]]></source>
<year>2007</year>
<volume>33</volume>
<numero>4</numero>
<issue>4</issue>
<page-range>1-42</page-range></nlm-citation>
</ref>
<ref id="B11">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Callejón]]></surname>
<given-names><![CDATA[A.M.]]></given-names>
</name>
<name>
<surname><![CDATA[Casado]]></surname>
<given-names><![CDATA[A.M.]]></given-names>
</name>
<name>
<surname><![CDATA[Fernández]]></surname>
<given-names><![CDATA[M.A.]]></given-names>
</name>
<name>
<surname><![CDATA[Peláez]]></surname>
<given-names><![CDATA[J.I.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A System of Insolvency Prediction for industrial companies using a financial alternative model with neural networks]]></article-title>
<source><![CDATA[International Journal of Computational Intelligence Systems]]></source>
<year>2013</year>
<volume>4</volume>
<page-range>1-13</page-range></nlm-citation>
</ref>
<ref id="B12">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Casey]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
<name>
<surname><![CDATA[Bartczak]]></surname>
<given-names><![CDATA[N.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Using Operating Cash Flow Data to Predict Financial Distress: Some Extensions]]></article-title>
<source><![CDATA[Journal of Accounting Research]]></source>
<year>1985</year>
<volume>23</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>384-401</page-range></nlm-citation>
</ref>
<ref id="B13">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Charalambous]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
<name>
<surname><![CDATA[Chatitou]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Kaourou]]></surname>
<given-names><![CDATA[F.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Comparative analysis of artificial neural network models: Application in bankruptcy prediction]]></article-title>
<source><![CDATA[Annals of Operations Research]]></source>
<year>2000</year>
<volume>99</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>403-19</page-range></nlm-citation>
</ref>
<ref id="B14">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Chen]]></surname>
<given-names><![CDATA[M.Y.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Bankruptcy prediction in firms with statistical and intelligent techniques and a comparison of evolutionary computation approaches]]></article-title>
<source><![CDATA[Computers and Mathematics with Applications]]></source>
<year>2011</year>
<volume>62</volume>
<page-range>4514-24</page-range></nlm-citation>
</ref>
<ref id="B15">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Chen]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Härdle]]></surname>
<given-names><![CDATA[W.K.]]></given-names>
</name>
<name>
<surname><![CDATA[Moros]]></surname>
<given-names><![CDATA[R.A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Modeling default risk with support vector machines]]></article-title>
<source><![CDATA[Quantitative Finance]]></source>
<year>2011</year>
<volume>11</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>135-54</page-range></nlm-citation>
</ref>
<ref id="B16">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Cho]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<source><![CDATA[Predicting business failure in the hospitality industry: An application of logit model]]></source>
<year>1994</year>
<publisher-name><![CDATA[Virginia Polytechnic Institute and State University]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B17">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[D´Antoni]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Mishra]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Chintawar]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
</person-group>
<source><![CDATA[Predicting Financial Stress in Young and Beginning Farmers in the United States]]></source>
<year>2009</year>
<publisher-name><![CDATA[Department of Agricultural Economics and Agribusiness, Louisiana State University]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B18">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Darayseh]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Waples]]></surname>
<given-names><![CDATA[E.]]></given-names>
</name>
<name>
<surname><![CDATA[Tsoukalas]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Corporate failure for manufacturing industries using firms specifics and economic environment whit logit analysis]]></article-title>
<source><![CDATA[Managerial Finance]]></source>
<year>2003</year>
<volume>29</volume>
<numero>8</numero>
<issue>8</issue>
<page-range>23-37</page-range></nlm-citation>
</ref>
<ref id="B19">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[De Andrés]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Landajo]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Lorca]]></surname>
<given-names><![CDATA[P.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Forecasting business profitability by using classification techniques. A comparative analysis based on a Spanish case]]></article-title>
<source><![CDATA[European Journal of Operational Research]]></source>
<year>2005</year>
<volume>167</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>518-42</page-range></nlm-citation>
</ref>
<ref id="B20">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Dietrich]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Arcelus]]></surname>
<given-names><![CDATA[F.J.]]></given-names>
</name>
<name>
<surname><![CDATA[Srinivisan]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Predicting Financial Failure: Some Evidence from New Brunswick Agricultural Coops]]></article-title>
<source><![CDATA[Annals of Public and Cooperative Economics]]></source>
<year>2005</year>
<volume>76</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>179-94</page-range></nlm-citation>
</ref>
<ref id="B21">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Dimitras]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Zanakis]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Zopounidis]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A survey of business failures with an emphasis on prediction methods and industrial applications]]></article-title>
<source><![CDATA[European Journal of Operational Research]]></source>
<year>1996</year>
<volume>90</volume>
<page-range>487-513</page-range></nlm-citation>
</ref>
<ref id="B22">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Du Jardin]]></surname>
<given-names><![CDATA[P.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Bankruptcy prediction using terminal failure processes]]></article-title>
<source><![CDATA[European Journal of Operational Research]]></source>
<year>2015</year>
<volume>242</volume>
<page-range>286-303</page-range></nlm-citation>
</ref>
<ref id="B23">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Etemadi]]></surname>
<given-names><![CDATA[H.]]></given-names>
</name>
<name>
<surname><![CDATA[Rostamy]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Dehkordi]]></surname>
<given-names><![CDATA[H.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A genetic programming model for bankruptcy prediction: empirical evidence from Iran]]></article-title>
<source><![CDATA[Expert Systems Applications]]></source>
<year>2009</year>
<volume>36</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>3199-207</page-range></nlm-citation>
</ref>
<ref id="B24">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Fallahpour]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Lakvan]]></surname>
<given-names><![CDATA[E.N.]]></given-names>
</name>
<name>
<surname><![CDATA[Zadeh]]></surname>
<given-names><![CDATA[M.H.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Using an ensemble classifier based on sequential floating forward selection for financial distress prediction problem]]></article-title>
<source><![CDATA[Journal of Retailing and Consumer Services]]></source>
<year>2017</year>
<volume>34</volume>
<page-range>159-67</page-range></nlm-citation>
</ref>
<ref id="B25">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Fernández]]></surname>
<given-names><![CDATA[M.A.]]></given-names>
</name>
<name>
<surname><![CDATA[Cisneros]]></surname>
<given-names><![CDATA[A.J.]]></given-names>
</name>
<name>
<surname><![CDATA[Callejón]]></surname>
<given-names><![CDATA[A.M.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Applying a probabilistic neural network to hotel bankruptcy prediction]]></article-title>
<source><![CDATA[Tourism &amp; Management Studies]]></source>
<year>2016</year>
<volume>12</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>40-52</page-range></nlm-citation>
</ref>
<ref id="B26">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Gill de Albornoz]]></surname>
<given-names><![CDATA[B.]]></given-names>
</name>
<name>
<surname><![CDATA[Giner]]></surname>
<given-names><![CDATA[B.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Predicción del fracaso empresarial en los sectores construcción e inmobiliario: modelos generales versus específicos]]></article-title>
<source><![CDATA[Universia Business Review]]></source>
<year>2013</year>
<page-range>118-31</page-range></nlm-citation>
</ref>
<ref id="B27">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Grüenberg]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Lukason]]></surname>
<given-names><![CDATA[O.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Predicting Bankruptcy of Manufacturing Firms]]></article-title>
<source><![CDATA[International Journal of Trade, Economics and Finance]]></source>
<year>2014</year>
<volume>5</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>93-7</page-range></nlm-citation>
</ref>
<ref id="B28">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Gu]]></surname>
<given-names><![CDATA[Z.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Analyzing bankruptcy in the restaurant industry: A multiple discriminant model]]></article-title>
<source><![CDATA[International Journal of Hospitality Management]]></source>
<year>2002</year>
<volume>21</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>25-42</page-range></nlm-citation>
</ref>
<ref id="B29">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Hair]]></surname>
<given-names><![CDATA[J.F.]]></given-names>
</name>
<name>
<surname><![CDATA[Anderson]]></surname>
<given-names><![CDATA[R.E.]]></given-names>
</name>
<name>
<surname><![CDATA[Tatham]]></surname>
<given-names><![CDATA[R.L.]]></given-names>
</name>
<name>
<surname><![CDATA[Black]]></surname>
<given-names><![CDATA[W.C.]]></given-names>
</name>
</person-group>
<source><![CDATA[Análisis multivariante]]></source>
<year>1999</year>
<edition>5ª</edition>
<publisher-loc><![CDATA[Madrid ]]></publisher-loc>
<publisher-name><![CDATA[Editorial Prentice Hall]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B30">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Hannan]]></surname>
<given-names><![CDATA[E.J.]]></given-names>
</name>
<name>
<surname><![CDATA[Quinn]]></surname>
<given-names><![CDATA[B.G.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The determination of the order of an autoregression]]></article-title>
<source><![CDATA[Journal of the Royal Statistical Society]]></source>
<year>1979</year>
<volume>41</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>190-5</page-range></nlm-citation>
</ref>
<ref id="B31">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[He]]></surname>
<given-names><![CDATA[Y.]]></given-names>
</name>
<name>
<surname><![CDATA[Kamath]]></surname>
<given-names><![CDATA[R.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Business Failure Prediction in Retail Industry: An empirical evaluation of generic bankruptcy models]]></article-title>
<source><![CDATA[Academy of Accounting and Financial Studies Journal]]></source>
<year>2006</year>
<volume>10</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>97-110</page-range></nlm-citation>
</ref>
<ref id="B32">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Hu]]></surname>
<given-names><![CDATA[Y.C.]]></given-names>
</name>
<name>
<surname><![CDATA[Tseng]]></surname>
<given-names><![CDATA[F.M.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Applying back propagation neural networks to bankruptcy prediction]]></article-title>
<source><![CDATA[International Journal of Electronic Business Management]]></source>
<year>2005</year>
<volume>3</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>97-103</page-range></nlm-citation>
</ref>
<ref id="B33">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Jabeur]]></surname>
<given-names><![CDATA[S.B.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Bankruptcy prediction using Partial Least Squares Logistic Regression]]></article-title>
<source><![CDATA[Journal of Retailing and Consumer Services]]></source>
<year>2017</year>
<volume>36</volume>
<page-range>197-202</page-range></nlm-citation>
</ref>
<ref id="B34">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Jones]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Johnstone]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
<name>
<surname><![CDATA[Wilson]]></surname>
<given-names><![CDATA[R.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Predicting corporate bankruptcy: An evaluation of alternative statistical frameworks]]></article-title>
<source><![CDATA[Journal of Business Finance &amp; Accounting]]></source>
<year>2017</year>
<volume>44</volume>
<numero>1-2</numero>
<issue>1-2</issue>
<page-range>3-34</page-range></nlm-citation>
</ref>
<ref id="B35">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Keener]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Predicting the financial failure of retail companies in the United States]]></article-title>
<source><![CDATA[Journal of Business &amp; Economics Research]]></source>
<year>2013</year>
<volume>11</volume>
<numero>8</numero>
<issue>8</issue>
<page-range>373-80</page-range></nlm-citation>
</ref>
<ref id="B36">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Kim]]></surname>
<given-names><![CDATA[S.Y.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Prediction of hotel bankruptcy using support vector machine, artificial neural network, logistic regression and multivariate analysis]]></article-title>
<source><![CDATA[The Service Industries Journal]]></source>
<year>2011</year>
<volume>31</volume>
<numero>3</numero>
<issue>3</issue>
<page-range>441-68</page-range></nlm-citation>
</ref>
<ref id="B37">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Kim]]></surname>
<given-names><![CDATA[H]]></given-names>
</name>
<name>
<surname><![CDATA[Gu]]></surname>
<given-names><![CDATA[Z.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A logistic regression analysis for predicting bankruptcy in the Hospitality Industry]]></article-title>
<source><![CDATA[The Journal of Hospitality Financial Management]]></source>
<year>2006</year>
<volume>14</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>17-34</page-range></nlm-citation>
</ref>
<ref id="B38">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Kim]]></surname>
<given-names><![CDATA[H]]></given-names>
</name>
<name>
<surname><![CDATA[Gu]]></surname>
<given-names><![CDATA[Z.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Predicting Restaurant Bankruptcy. A Logit Model in Comparison with a Discriminant Model]]></article-title>
<source><![CDATA[Journal of Hospitality and Tourism Research]]></source>
<year>2006</year>
<volume>30</volume>
<numero>4</numero>
<issue>4</issue>
<page-range>474-93</page-range></nlm-citation>
</ref>
<ref id="B39">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Korol]]></surname>
<given-names><![CDATA[T.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Early warning models against bankruptcy risk for Central European and Latin American enterprises]]></article-title>
<source><![CDATA[Economic Modelling]]></source>
<year>2013</year>
<volume>31</volume>
<page-range>22-30</page-range></nlm-citation>
</ref>
<ref id="B40">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Kwak]]></surname>
<given-names><![CDATA[W.]]></given-names>
</name>
<name>
<surname><![CDATA[Shi]]></surname>
<given-names><![CDATA[Y.]]></given-names>
</name>
<name>
<surname><![CDATA[Gang]]></surname>
<given-names><![CDATA[K.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Bankruptcy prediction for Korean firms after the 1997 financial crisis: using a multiple criteria linear programming data mining approach]]></article-title>
<source><![CDATA[Review of Quantitative Finance and Accounting]]></source>
<year>2012</year>
<volume>38</volume>
<page-range>441-53</page-range></nlm-citation>
</ref>
<ref id="B41">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Li]]></surname>
<given-names><![CDATA[Z.]]></given-names>
</name>
<name>
<surname><![CDATA[Crook]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Andreeva]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Dynamic prediction of financial distress using Malmquist DEA]]></article-title>
<source><![CDATA[Expert Systems with Applications]]></source>
<year>2017</year>
<volume>80</volume>
<page-range>94-106</page-range></nlm-citation>
</ref>
<ref id="B42">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Li]]></surname>
<given-names><![CDATA[H.]]></given-names>
</name>
<name>
<surname><![CDATA[Sun]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Li]]></surname>
<given-names><![CDATA[J.C.]]></given-names>
</name>
<name>
<surname><![CDATA[Yan]]></surname>
<given-names><![CDATA[X.Y.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Forecasting business failure using two-stage ensemble of multivariate discriminant analysis and logistic regression]]></article-title>
<source><![CDATA[Expert Systems]]></source>
<year>2013</year>
<volume>30</volume>
<numero>5</numero>
<issue>5</issue>
<page-range>385-97</page-range></nlm-citation>
</ref>
<ref id="B43">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Li]]></surname>
<given-names><![CDATA[H.]]></given-names>
</name>
<name>
<surname><![CDATA[Sun]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Wu]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Predicting business failure using classification and regression tree: an empirical comparison with popular classical statistical methods and top classification mining methods]]></article-title>
<source><![CDATA[Expert Systems with Applications]]></source>
<year>2010</year>
<volume>37</volume>
<numero>8</numero>
<issue>8</issue>
<page-range>5895-904</page-range></nlm-citation>
</ref>
<ref id="B44">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Lin]]></surname>
<given-names><![CDATA[T.H.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A cross model study of corporate financial distress prediction in Taiwan: Multiple Discriminant Analysis, logit, probit and neural networks models]]></article-title>
<source><![CDATA[Neurocomputing]]></source>
<year>2009</year>
<volume>72</volume>
<page-range>3507-16</page-range></nlm-citation>
</ref>
<ref id="B45">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Martin-del-Brio]]></surname>
<given-names><![CDATA[B.]]></given-names>
</name>
<name>
<surname><![CDATA[Serrano-Cinca]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
<name>
<surname><![CDATA[Refenes]]></surname>
</name>
</person-group>
<source><![CDATA[Self-organizing neural networks: The financial state of Spanish companies. Article in Neural Network in the Capital Markets]]></source>
<year>1995</year>
<page-range>341-57</page-range><publisher-loc><![CDATA[Chichester ]]></publisher-loc>
<publisher-name><![CDATA[Wiley]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B46">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Mateos-Ronco]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Marín-Sánchez]]></surname>
<given-names><![CDATA[M.M.]]></given-names>
</name>
<name>
<surname><![CDATA[Marí-Vidal]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Seguí-Mas]]></surname>
<given-names><![CDATA[E.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Los modelos de predicción del fracaso empresarial y su aplicabilidad en cooperativas agrarias. CIRIEC-España]]></article-title>
<source><![CDATA[Revista de Economía Pública, Social y Cooperativa]]></source>
<year>2011</year>
<volume>70</volume>
<page-range>179-208</page-range></nlm-citation>
</ref>
<ref id="B47">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[McKee]]></surname>
<given-names><![CDATA[T.E.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Developing a bankruptcy prediction model via rough sets theory]]></article-title>
<source><![CDATA[Intelligent Systems Accounting Finance Management]]></source>
<year>2000</year>
<volume>9</volume>
<page-range>159-73</page-range></nlm-citation>
</ref>
<ref id="B48">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[McKee]]></surname>
<given-names><![CDATA[T.E.]]></given-names>
</name>
<name>
<surname><![CDATA[Greenstein]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Predicting bankruptcy using recursive partitioning and a realistically proportioned data set]]></article-title>
<source><![CDATA[Journal of Forecasting]]></source>
<year>2000</year>
<volume>19</volume>
<page-range>219-30</page-range></nlm-citation>
</ref>
<ref id="B49">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Min]]></surname>
<given-names><![CDATA[J.H.]]></given-names>
</name>
<name>
<surname><![CDATA[Lee]]></surname>
<given-names><![CDATA[Y.C.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Bankruptcy prediction using support vector machine with optimal choice of kernel function parameters]]></article-title>
<source><![CDATA[Expert Systems with Application]]></source>
<year>2005</year>
<volume>28</volume>
<page-range>128-34</page-range></nlm-citation>
</ref>
<ref id="B50">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Mínguez-Conde]]></surname>
<given-names><![CDATA[J.L.]]></given-names>
</name>
</person-group>
<source><![CDATA[El fracaso empresarial en la empresa constructora]]></source>
<year>2006</year>
<publisher-name><![CDATA[Universidad de Valladolid]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B51">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Mselmi]]></surname>
<given-names><![CDATA[N.]]></given-names>
</name>
<name>
<surname><![CDATA[Lahiani]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Hamza]]></surname>
<given-names><![CDATA[T.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Financial distress prediction: The case of French small and medium-sized firms]]></article-title>
<source><![CDATA[International Review of Financial Analysis]]></source>
<year>2017</year>
<volume>50</volume>
<page-range>67-80</page-range></nlm-citation>
</ref>
<ref id="B52">
<nlm-citation citation-type="confpro">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Odom]]></surname>
<given-names><![CDATA[M.D.]]></given-names>
</name>
<name>
<surname><![CDATA[Sharda]]></surname>
<given-names><![CDATA[R.]]></given-names>
</name>
</person-group>
<source><![CDATA[A neural networks for bankruptcy prediction]]></source>
<year>1990</year>
<volume>2</volume>
<conf-name><![CDATA[ EEE INNS International Joint Conference on Neural Networks]]></conf-name>
<conf-loc> </conf-loc>
<page-range>163-8</page-range></nlm-citation>
</ref>
<ref id="B53">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Ohlson]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Financial ratios and the probabilistic prediction of bankruptcy]]></article-title>
<source><![CDATA[Journal of Accounting Research]]></source>
<year>1980</year>
<volume>18</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>109-31</page-range></nlm-citation>
</ref>
<ref id="B54">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Park]]></surname>
<given-names><![CDATA[S.S.]]></given-names>
</name>
<name>
<surname><![CDATA[Hancer]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A comparative study of logit and artificial neural networks in predicting bankruptcy in the hospitality industry]]></article-title>
<source><![CDATA[Tourism Economics]]></source>
<year>2012</year>
<volume>18</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>311-38</page-range></nlm-citation>
</ref>
<ref id="B55">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Piñeiro]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
<name>
<surname><![CDATA[de Llano]]></surname>
<given-names><![CDATA[P.]]></given-names>
</name>
<name>
<surname><![CDATA[Rodríguez]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A parsimonious model to forecast financial distress, based on audit evidence]]></article-title>
<source><![CDATA[Contaduría y Administración]]></source>
<year>2013</year>
<volume>58</volume>
<numero>4</numero>
<issue>4</issue>
<page-range>151-73</page-range></nlm-citation>
</ref>
<ref id="B56">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Platt]]></surname>
<given-names><![CDATA[H.D.]]></given-names>
</name>
<name>
<surname><![CDATA[Platt]]></surname>
<given-names><![CDATA[M.B.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Financial distress comparison across three global regions]]></article-title>
<source><![CDATA[Journal of Risk and Financial Management]]></source>
<year>2008</year>
<volume>1</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>129-62</page-range></nlm-citation>
</ref>
<ref id="B57">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Rafiei]]></surname>
<given-names><![CDATA[F.M.]]></given-names>
</name>
<name>
<surname><![CDATA[Manzari]]></surname>
<given-names><![CDATA[S.M.]]></given-names>
</name>
<name>
<surname><![CDATA[Bostanian]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Financial health prediction models using artificial neural networks, genetic algorithm and multivariate discriminant analysis: Iranian evidence]]></article-title>
<source><![CDATA[Expert Systems with Application]]></source>
<year>2011</year>
<volume>38</volume>
<page-range>10210-7</page-range></nlm-citation>
</ref>
<ref id="B58">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Ravisankar]]></surname>
<given-names><![CDATA[P.]]></given-names>
</name>
<name>
<surname><![CDATA[Ravi]]></surname>
<given-names><![CDATA[V.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Financial distress prediction in banks using Group Method of Data Handling neural network, counter propagation neural network and fuzzy ARTMAP]]></article-title>
<source><![CDATA[Knowledge-Based Systems]]></source>
<year>2010</year>
<volume>23</volume>
<page-range>823-31</page-range></nlm-citation>
</ref>
<ref id="B59">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Sangjae]]></surname>
<given-names><![CDATA[L.]]></given-names>
</name>
<name>
<surname><![CDATA[Wu]]></surname>
<given-names><![CDATA[S.C.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A multi-industry bankruptcy prediction model using back propagation neural network and multivariate discriminant analysis]]></article-title>
<source><![CDATA[Expert Systems with Applications]]></source>
<year>2013</year>
<volume>40</volume>
<page-range>2941-6</page-range></nlm-citation>
</ref>
<ref id="B60">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Santomero]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Vinso]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Estimating the probability of failure for commercial banks and the banking system]]></article-title>
<source><![CDATA[Journal of Banking and Finance]]></source>
<year>1977</year>
<volume>1</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>185-205</page-range></nlm-citation>
</ref>
<ref id="B61">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Schwarz]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Estimating the dimension of a model]]></article-title>
<source><![CDATA[Annals of Statistics]]></source>
<year>1978</year>
<volume>6</volume>
<page-range>461-4</page-range></nlm-citation>
</ref>
<ref id="B62">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Shin]]></surname>
<given-names><![CDATA[K.S.]]></given-names>
</name>
<name>
<surname><![CDATA[Lee]]></surname>
<given-names><![CDATA[T.S.]]></given-names>
</name>
<name>
<surname><![CDATA[Kim]]></surname>
<given-names><![CDATA[H.J.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[An application of support vector machines in bankruptcy prediction model]]></article-title>
<source><![CDATA[Expert Systems with Applications]]></source>
<year>2005</year>
<volume>28</volume>
<page-range>127-35</page-range></nlm-citation>
</ref>
<ref id="B63">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Shuk-Wern]]></surname>
<given-names><![CDATA[O.]]></given-names>
</name>
<name>
<surname><![CDATA[Voon Choong]]></surname>
<given-names><![CDATA[Y.]]></given-names>
</name>
<name>
<surname><![CDATA[Khong]]></surname>
<given-names><![CDATA[R.W.L.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Corporate failure prediction: a study of public listed companies in Malaysia]]></article-title>
<source><![CDATA[Managerial Finance]]></source>
<year>2011</year>
<volume>37</volume>
<numero>6</numero>
<issue>6</issue>
<page-range>553-64</page-range></nlm-citation>
</ref>
<ref id="B64">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Spicka]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The financial condition of the construction companies before bankruptcy]]></article-title>
<source><![CDATA[European Journal of Business and Management]]></source>
<year>2013</year>
<volume>5</volume>
<numero>23</numero>
<issue>23</issue>
<page-range>160-9</page-range></nlm-citation>
</ref>
<ref id="B65">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Stroe]]></surname>
<given-names><![CDATA[R.]]></given-names>
</name>
<name>
<surname><![CDATA[Barbuta-Misu]]></surname>
<given-names><![CDATA[N.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Predicting the financial performance of the building sector enterprises-Case Study of Galati County (Romania)]]></article-title>
<source><![CDATA[The Review of Finance and Banking]]></source>
<year>2010</year>
<volume>2</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>29-39</page-range></nlm-citation>
</ref>
<ref id="B66">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Sun]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Li]]></surname>
<given-names><![CDATA[H.]]></given-names>
</name>
<name>
<surname><![CDATA[Chang]]></surname>
<given-names><![CDATA[P.C.]]></given-names>
</name>
<name>
<surname><![CDATA[He]]></surname>
<given-names><![CDATA[K.Y.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The dynamic financial distress prediction method of EBW-VSTW-SVM]]></article-title>
<source><![CDATA[Enterprise Information Systems]]></source>
<year>2016</year>
<volume>10</volume>
<numero>6</numero>
<issue>6</issue>
<page-range>611-38</page-range></nlm-citation>
</ref>
<ref id="B67">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Sun]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Li]]></surname>
<given-names><![CDATA[H.]]></given-names>
</name>
<name>
<surname><![CDATA[Huang]]></surname>
<given-names><![CDATA[Q.H.]]></given-names>
</name>
<name>
<surname><![CDATA[He]]></surname>
<given-names><![CDATA[K.Y.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Predicting financial distress and corporate failure: A review from the state-of-the-art definitions, modeling, sampling, and featuring approaches]]></article-title>
<source><![CDATA[Knowledge-Based Systems]]></source>
<year>2014</year>
<volume>57</volume>
<page-range>41-56</page-range></nlm-citation>
</ref>
<ref id="B68">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Tam]]></surname>
<given-names><![CDATA[K.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Neural network models and the prediction of bank bankruptcy]]></article-title>
<source><![CDATA[Omega]]></source>
<year>1991</year>
<volume>19</volume>
<numero>5</numero>
<issue>5</issue>
<page-range>429-45</page-range></nlm-citation>
</ref>
<ref id="B69">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Tam]]></surname>
<given-names><![CDATA[K.]]></given-names>
</name>
<name>
<surname><![CDATA[Kiang]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Managerial applications of neural networks: the case of bank failure prediction]]></article-title>
<source><![CDATA[Management Science]]></source>
<year>1992</year>
<volume>38</volume>
<numero>7</numero>
<issue>7</issue>
<page-range>926-47</page-range></nlm-citation>
</ref>
<ref id="B70">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Tseng]]></surname>
<given-names><![CDATA[F.]]></given-names>
</name>
<name>
<surname><![CDATA[Hu]]></surname>
<given-names><![CDATA[Y.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Comparing four bankruptcy prediction models: Logit, quadratic, interval logit, neural and fuzzy neural networks]]></article-title>
<source><![CDATA[Expert Systems with Applications]]></source>
<year>2010</year>
<volume>37</volume>
<page-range>1846-53</page-range></nlm-citation>
</ref>
<ref id="B71">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Vavrina]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Hampel]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
<name>
<surname><![CDATA[Janová]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[New approaches for the financial distress classification in agribusiness]]></article-title>
<source><![CDATA[Acta Universitatis Agriculturae el Silviculturae Mendelianae Brunensis]]></source>
<year>2013</year>
<volume>61</volume>
<numero>4</numero>
<issue>4</issue>
<page-range>1177-82</page-range></nlm-citation>
</ref>
<ref id="B72">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Visauta]]></surname>
<given-names><![CDATA[B.]]></given-names>
</name>
</person-group>
<source><![CDATA[Análisis Estadístico con SPSS para Windows]]></source>
<year>2003</year>
<volume>II</volume>
<publisher-name><![CDATA[E. McGraw-Hill]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B73">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Wang]]></surname>
<given-names><![CDATA[B.]]></given-names>
</name>
</person-group>
<source><![CDATA[Strategy changes and internet firm survival]]></source>
<year>2004</year>
<publisher-name><![CDATA[University of Minnesota]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B74">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Wasilewski]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Madra]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[An assessment of the agricultural enterprises&#8217; solvency with the usage of the Altman Model]]></article-title>
<source><![CDATA[Acta Oeconomica et informatica]]></source>
<year>2008</year>
<volume>2</volume>
<page-range>50-5</page-range></nlm-citation>
</ref>
<ref id="B75">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Wilson]]></surname>
<given-names><![CDATA[R.L.]]></given-names>
</name>
<name>
<surname><![CDATA[Sharda]]></surname>
<given-names><![CDATA[R.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Bankruptcy prediction using neural networks]]></article-title>
<source><![CDATA[Decision Support Systems]]></source>
<year>1994</year>
<volume>11</volume>
<page-range>545-57</page-range></nlm-citation>
</ref>
<ref id="B76">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Wu]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
<name>
<surname><![CDATA[Liang]]></surname>
<given-names><![CDATA[L.]]></given-names>
</name>
<name>
<surname><![CDATA[Yang]]></surname>
<given-names><![CDATA[Z.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Analysing the financial distress of Chinese public companies using probabilistic neural networks and multivariate discriminate analysis]]></article-title>
<source><![CDATA[Socio-Economic Planning Science]]></source>
<year>2008</year>
<volume>42</volume>
<numero>3</numero>
<issue>3</issue>
<page-range>206-20</page-range></nlm-citation>
</ref>
<ref id="B77">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Yang]]></surname>
<given-names><![CDATA[Z.R.]]></given-names>
</name>
<name>
<surname><![CDATA[Platt]]></surname>
<given-names><![CDATA[M.B.]]></given-names>
</name>
<name>
<surname><![CDATA[Platt]]></surname>
<given-names><![CDATA[H.D.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Probabilistic neural networks in bankruptcy prediction]]></article-title>
<source><![CDATA[Journal of Business Research]]></source>
<year>1999</year>
<volume>44</volume>
<page-range>67-74</page-range></nlm-citation>
</ref>
<ref id="B78">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Youn]]></surname>
<given-names><![CDATA[H]]></given-names>
</name>
<name>
<surname><![CDATA[Gu]]></surname>
<given-names><![CDATA[Z.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Predicting Korean lodging firm failures: An artificial neural network model along with a logistic regression model]]></article-title>
<source><![CDATA[International Journal of Hospitality Management]]></source>
<year>2010</year>
<volume>29</volume>
<page-range>120-7</page-range></nlm-citation>
</ref>
<ref id="B79">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Zavgren]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Assessing the vulnerability to failure of American industrial firms: A logistic analysis]]></article-title>
<source><![CDATA[Journal of Business Finance &amp; Accounting]]></source>
<year>1985</year>
<volume>12</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>19-45</page-range></nlm-citation>
</ref>
<ref id="B80">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Zhang]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
<name>
<surname><![CDATA[Hu]]></surname>
<given-names><![CDATA[M.Y.]]></given-names>
</name>
<name>
<surname><![CDATA[Patuwo]]></surname>
<given-names><![CDATA[B.E.]]></given-names>
</name>
<name>
<surname><![CDATA[Indro]]></surname>
<given-names><![CDATA[D.C.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Artificial neural networks in bankruptcy prediction: General framework and cross-validation analysis]]></article-title>
<source><![CDATA[European Journal of Operational Research]]></source>
<year>1999</year>
<volume>116</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>16-33</page-range></nlm-citation>
</ref>
<ref id="B81">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Zhang]]></surname>
<given-names><![CDATA[L.]]></given-names>
</name>
<name>
<surname><![CDATA[Zhang]]></surname>
<given-names><![CDATA[L.]]></given-names>
</name>
<name>
<surname><![CDATA[Teng]]></surname>
<given-names><![CDATA[W.Y]]></given-names>
</name>
<name>
<surname><![CDATA[Yibing]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Based on Information Fusion Technique with Data Mining in the Application of Finance Early-Warning]]></article-title>
<source><![CDATA[Procedia Computer Science]]></source>
<year>2013</year>
<volume>17</volume>
<page-range>695-703</page-range></nlm-citation>
</ref>
</ref-list>
</back>
</article>
