Institutional Repository
Technical University of Crete
Technical University of Crete
EN
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EL
| URI | http://purl.tuc.gr/dl/dias/6989003F-988A-4B6C-9BE0-AB6BA51F563A | - |
| Identifier | https://www.sciencedirect.com/science/article/pii/S0377221717303570?via%3Dihub | - |
| Identifier | https://doi.org/10.1016/j.ejor.2017.04.024 | - |
| Language | en | - |
| Extent | 14 pages | en |
| Title | Corporate failure prediction in the European energy sector: a multicriteria approach and the effect of country characteristics | en |
| Creator | Doumpos Michael | en |
| Creator | Δουμπος Μιχαηλ | el |
| Creator | Andriosopoulos Kostas | en |
| Creator | Galariotis, Emilios | en |
| Creator | Makridou Georgia | en |
| Creator | Zopounidis Konstantinos | en |
| Creator | Ζοπουνιδης Κωνσταντινος | el |
| Publisher | Elsevier | en |
| Content Summary | This study examines the development of corporate failure prediction models for European firms in the energy sector, using a large dataset from 18 countries. The construction of the models is based on a multiple criteria decision aid (MCDA) approach taking into account both ordinal criteria and nominal country-sector effects. The analysis is based on different modeling specifications. First, traditional financial variables are examined, which are then extended with additional country-level data related to the economic and business environment, as well as data about the energy efficiency policies of the countries and the characteristics of their energy markets and networks. The results indicate that energy-related attributes have high discriminating power and add valuable information compared to the other attributes. | en |
| Type of Item | Peer-Reviewed Journal Publication | en |
| Type of Item | Δημοσίευση σε Περιοδικό με Κριτές | el |
| License | http://creativecommons.org/licenses/by/4.0/ | en |
| Date of Item | 2018-03-23 | - |
| Date of Publication | 2017 | - |
| Subject | Energy management | en |
| Subject | Energy sector | en |
| Subject | Financial distress | en |
| Subject | Multiple criteria analysis | en |
| Bibliographic Citation | M. Doumpos, K. Andriosopoulos, E. Galariotis, G. Makridou and C. Zopounidis, "Corporate failure prediction in the European energy sector: A multicriteria approach and the effect of country characteristics," Eur. J. Oper. Res., vol.262, no.1, pp. 347-360, Oct. 2017. doi:10.1016/j.ejor.2017.04.024 | en |
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