{"id":177750,"date":"2025-08-25T11:35:54","date_gmt":"2025-08-25T09:35:54","guid":{"rendered":"https:\/\/www.ieseg.fr\/?post_type=events&#038;p=177750"},"modified":"2025-08-25T11:35:55","modified_gmt":"2025-08-25T09:35:55","slug":"the-informativeness-of-accounting-ratios-forbankruptcy-prediction-through-the-economic-cycle","status":"publish","type":"events","link":"https:\/\/www.ieseg.fr\/en\/events\/the-informativeness-of-accounting-ratios-forbankruptcy-prediction-through-the-economic-cycle\/","title":{"rendered":"The Informativeness of Accounting Ratios for<br>Bankruptcy Prediction Through the Economic Cycle"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" width=\"880\" height=\"280\" src=\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN.jpg\" alt=\"\" class=\"wp-image-168110\" srcset=\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN.jpg 880w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN-300x95.jpg 300w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN-768x244.jpg 768w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN-150x48.jpg 150w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN-400x127.jpg 400w\" sizes=\"(max-width: 880px) 100vw, 880px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em><strong>September 18<sup>th<\/sup>, 2025<br><\/strong>2:30pm \u2013 4pm in Collines Building (L712) &amp; on Zoom<\/em><br>&#8212;&#8212;&#8212;&#8212;&#8211;<br><em>Speaker: <strong>Anne D\u2019ARCY <\/strong>&#8211; Wu Vienna University, Austria<\/em><\/p>\n\n\n\n<h2>abstract<\/h2>\n\n\n\n<p>We apply multiple interpretable machine-learning models to identify the most important bankruptcy predictors based on accounting information during different phases of the economic cycle. Most bankruptcy prediction models in prior research assume that the predictive power of their input variables\u2014 in particular accounting ratios \u2014 stays constant over time.<br>However, literature suggests that the informativeness of accounting data and therefore their predictive power changes during different phases of the economic cycle. Our results show that the three ratios with the highest importance are constant across the different phases of the economic cycle whereas other ratios become more important during a recession or a non-recession period. We are therefore able to generate more accurate predictions and to identify relevant ratios applying interpretable machine-learning techniques considering the economic cycle.<br>We conclude that the informativeness of accounting information is a more nuanced concept than prior research suggested.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><em><strong><a href=\"https:\/\/acrobat.adobe.com\/id\/urn:aaid:sc:EU:19d37419-fc05-40c6-9804-6b0dc13ac7c8\" target=\"_blank\" rel=\"noreferrer noopener\">More info<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>September 18th, 20252:30pm \u2013 4pm in Collines Building (L712) &amp; on Zoom&#8212;&#8212;&#8212;&#8212;&#8211;Speaker: Anne D\u2019ARCY &#8211; Wu Vienna University, Austria abstract We apply multiple interpretable machine-learning models to identify the most [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","events-category":[41],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Informativeness of Accounting Ratios forBankruptcy Prediction Through the Economic Cycle - I\u00c9SEG<\/title>\n<meta name=\"description\" content=\"September 18th, 20252:30pm \u2013 4pm in Collines Building (L712) &amp; on Zoom--------------Speaker: Anne D\u2019ARCY - Wu Vienna University, Austria abstract We\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ieseg.fr\/en\/events\/the-informativeness-of-accounting-ratios-forbankruptcy-prediction-through-the-economic-cycle\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Informativeness of Accounting Ratios forBankruptcy Prediction Through the Economic Cycle - I\u00c9SEG\" \/>\n<meta property=\"og:description\" content=\"September 18th, 20252:30pm \u2013 4pm in Collines Building (L712) &amp; on Zoom--------------Speaker: Anne D\u2019ARCY - Wu Vienna University, Austria abstract We\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ieseg.fr\/en\/events\/the-informativeness-of-accounting-ratios-forbankruptcy-prediction-through-the-economic-cycle\/\" \/>\n<meta property=\"og:site_name\" content=\"I\u00c9SEG\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pages\/IESEG-School-of-Management\/358733860458?fref=ts\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-25T09:35:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN.jpg\" \/>\n<meta name=\"author\" content=\"Anna BARRALIS\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@IESEG\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ieseg.fr\/#organization\",\"name\":\"Ieseg\",\"url\":\"https:\/\/www.ieseg.fr\/\",\"sameAs\":[\"https:\/\/www.linkedin.com\/edu\/school?id=12453\",\"https:\/\/www.youtube.com\/user\/IESEGChannel\",\"https:\/\/www.facebook.com\/pages\/IESEG-School-of-Management\/358733860458?fref=ts\",\"https:\/\/twitter.com\/IESEG\"],\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ieseg.fr\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/IESEG-Logo-2012-rgb.jpg\",\"contentUrl\":\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/IESEG-Logo-2012-rgb.jpg\",\"width\":\"1000\",\"height\":\"311\",\"caption\":\"Ieseg\"},\"image\":{\"@id\":\"https:\/\/www.ieseg.fr\/#\/schema\/logo\/image\/\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ieseg.fr\/#website\",\"url\":\"https:\/\/www.ieseg.fr\/\",\"name\":\"I\u00c9SEG\",\"description\":\"School of Management\",\"publisher\":{\"@id\":\"https:\/\/www.ieseg.fr\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ieseg.fr\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ieseg.fr\/en\/events\/the-informativeness-of-accounting-ratios-forbankruptcy-prediction-through-the-economic-cycle\/#primaryimage\",\"url\":\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN.jpg\",\"contentUrl\":\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN.jpg\",\"width\":880,\"height\":280},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ieseg.fr\/en\/events\/the-informativeness-of-accounting-ratios-forbankruptcy-prediction-through-the-economic-cycle\/#webpage\",\"url\":\"https:\/\/www.ieseg.fr\/en\/events\/the-informativeness-of-accounting-ratios-forbankruptcy-prediction-through-the-economic-cycle\/\",\"name\":\"The Informativeness of Accounting Ratios for Bankruptcy Prediction Through the Economic Cycle - I\u00c9SEG\",\"isPartOf\":{\"@id\":\"https:\/\/www.ieseg.fr\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ieseg.fr\/en\/events\/the-informativeness-of-accounting-ratios-forbankruptcy-prediction-through-the-economic-cycle\/#primaryimage\"},\"datePublished\":\"2025-08-25T09:35:54+00:00\",\"dateModified\":\"2025-08-25T09:35:55+00:00\",\"description\":\"September 18th, 20252:30pm \u2013 4pm in Collines Building (L712) &amp; 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