Predicting financial distress in TSX-listed firms using machine learning algorithms
The results suggest that ANN provides a robust and reliable method for financial distress prediction. The use of RFECV and bootstrapped CART contributes to the model's stability, underscoring the potential of ML tools in financial health monitoring. These insights carry valuable implications for auditors, regulators, and company management in enhancing practices around financial oversight and fraud detection.
Authors
- Mark Lokanan (ORCID: https://orcid.org/0000-0002-2099-0115)
- Sana Ramzan (ORCID: https://orcid.org/0000-0002-6096-3349)
Institutions
- University Canada West (CA)
- Royal Roads University (CA)
Publication Details
- Journal
- Frontiers in Artificial Intelligence
- Published
- 2024-11-27
- DOI
- https://doi.org/10.3389/frai.2024.1466321
- Citations
- 8
- Primary Topic
- Financial Distress and Bankruptcy Prediction
- Type
- article
- Field-Weighted Citation Impact
- 7.57