Models of Bankruptcy Prediction Since the Recent Financial Crisis: KMV, Naïve, and Altman’s Z- score
Corporate bankruptcy prediction has become a popular research topic since 1960s, and default risk management plays a more significant role among investors, debtors and the lenders. The Altman’s z-score model, the KMV model, and the Naïve model are well-known and widely used bankruptcy prediction models. This paper focuses on examining the bankruptcy prediction accuracy of these three models in the