Impact of digital technologies on reliability of risk forecasting models - case study of enterprises in three global financial market regions

Tomasz Korol

doi:10.4324/9781003199076

Impact of digital technologies on reliability of risk forecasting models - case study of enterprises in three global financial market regions

Abstract

This chapter focuses on the evaluation of impact of ICT on reliability of financial risk forecasting models. Presented study shows how the development of ICT can improve the effectiveness of such models. Determining a firm’s financial risk is one of the most interesting topics for investors and decision-makers. The multifaceted goal of the presented research is to separately estimate five traditional statistical and five soft computing models for enterprises in Far-East Asia, Europe and Latin America (together with offering 30 different forecasting models) and to identify the most effective method for predicting the financial failure of enterprises in the short-, medium- and long-term for firms in each region. A further goal is to evaluate which method is characterized by the smallest decrease of effectiveness in increasing the forecast horizon. Thus it will allow to compare the behavior of traditional and the latest IT techniques. This study is one of the first attempts in the literature to estimate a bankruptcy forecasting model using such a wide range of methods and focusing on enterprises in three different financial markets.

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Author (1)

Tomasz Korol dr hab. inż.

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Category:

Monographic publication

Type:

rozdział, artykuł w książce - dziele zbiorowym /podręczniku w języku o zasięgu międzynarodowym

Language:

English

Publication year:

2021

Bibliographic description:

Korol T.: Impact of digital technologies on reliability of risk forecasting models - case study of enterprises in three global financial market regions// The Digital Disruption of Financial Services. International Perspectives/ : , 2021, s.93-120

DOI: