{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,10,30]],"date-time":"2025-10-30T07:03:31Z","timestamp":1761807811011},"reference-count":35,"publisher":"World Scientific Pub Co Pte Ltd","issue":"06","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Int. J. Info. Tech. Dec. Mak."],"published-print":{"date-parts":[[2012,11]]},"abstract":"<jats:p>The financial-ratio-based credit-scoring model for bond rating system requires the maximization of two conflicting objectives (i.e., the explanatory and discriminatory power, simultaneously), which had not been directly addressed in literature. The main purpose of this study is to develop a hybrid multivariate credit-scoring model that combines the principle component analysis and Fisher's discriminant analysis using the MINIMAX goal programming technique so that the maximization of the two conflicting objectives can be compromised. The performance of alternative credit-scoring models is analyzed and compared using dataset from previous studies. We find that the proposed hybrid credit-scoring model outperforms other alternative models in both explanatory and discriminatory powers.<\/jats:p>","DOI":"10.1142\/s0219622012500332","type":"journal-article","created":{"date-parts":[[2012,12,12]],"date-time":"2012-12-12T02:44:16Z","timestamp":1355280256000},"page":"1215-1235","source":"Crossref","is-referenced-by-count":7,"title":["ALTERNATIVE METHOD FOR DETERMINING INDUSTRIAL BOND RATINGS: THEORY AND EMPIRICAL EVIDENCE"],"prefix":"10.1142","volume":"11","author":[{"given":"LIE-JANE","family":"KAO","sequence":"first","affiliation":[{"name":"Department of Business and Entrepreneurial Management, Kainan University, Taoyuan, Taiwan"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"CHENG-FEW","family":"LEE","sequence":"additional","affiliation":[{"name":"Department of Finance &amp; Economics, Rutgers University, NJ, USA"},{"name":"Department of Finance and Banking, Kainan University, Taoyuan, Taiwan"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"219","published-online":{"date-parts":[[2012,12,11]]},"reference":[{"key":"rf1","first-page":"189","volume":"23","author":"Altman E. I.","journal-title":"Journal of Finance"},{"key":"rf2","volume-title":"Corporate Financial Distress: A Complete Guide to Predicting, Avoiding and Dealing with Bankruptcy","author":"Altman E. I.","year":"1983"},{"key":"rf3","doi-asserted-by":"publisher","DOI":"10.1016\/S0378-4266(97)00036-8"},{"key":"rf4","doi-asserted-by":"publisher","DOI":"10.1016\/0305-0483(96)00008-4"},{"key":"rf5","first-page":"959","volume":"18","author":"Smith L. D.","journal-title":"Journal of Banking and Finance"},{"key":"rf6","first-page":"31","volume":"1","author":"Shi Y.","journal-title":"International Journal of Information Technology & Decision Making"},{"key":"rf7","doi-asserted-by":"publisher","DOI":"10.1142\/S0219622005001775"},{"key":"rf8","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6261.1973.tb01341.x"},{"key":"rf9","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6261.1975.tb03171.x"},{"key":"rf10","doi-asserted-by":"publisher","DOI":"10.2307\/2329840"},{"key":"rf11","first-page":"253","volume":"8","author":"West R. C.","journal-title":"Journal of Banking and Finance"},{"key":"rf14","doi-asserted-by":"publisher","DOI":"10.2307\/3665113"},{"key":"rf15","doi-asserted-by":"publisher","DOI":"10.2307\/2490168"},{"key":"rf16","doi-asserted-by":"publisher","DOI":"10.1016\/S0378-4266(00)00117-5"},{"key":"rf17","first-page":"26","volume":"80","author":"Falkenstein E.","journal-title":"Journal of Lending and Credit Risk Management"},{"key":"rf19","doi-asserted-by":"publisher","DOI":"10.1111\/j.1469-1809.1936.tb02137.x"},{"key":"rf20","volume-title":"Applied Multivariate Statistical Analysis","author":"Johnson R. A.","year":"2002"},{"key":"rf21","doi-asserted-by":"publisher","DOI":"10.1186\/1471-2156-11-94"},{"key":"rf22","doi-asserted-by":"publisher","DOI":"10.1016\/j.soilbio.2006.02.019"},{"key":"rf23","doi-asserted-by":"publisher","DOI":"10.1016\/0305-0483(76)90099-2"},{"key":"rf24","volume-title":"Linear Programming","author":"Ignizio J. P.","year":"1994"},{"key":"rf25","doi-asserted-by":"publisher","DOI":"10.1109\/4235.996017"},{"key":"rf26","doi-asserted-by":"publisher","DOI":"10.1109\/TEVC.2004.826067"},{"key":"rf28","first-page":"287","volume":"2","author":"Reyes-Sierra M.","journal-title":"International Journal of Computational Intelligence Research"},{"key":"rf29","doi-asserted-by":"publisher","DOI":"10.1017\/CBO9780511617058"},{"key":"rf30","volume-title":"Management Models and Industrial Applications of Linear Programming","author":"Charnes A.","year":"1961"},{"key":"rf31","volume-title":"Goal Programming for Decision Analysis","author":"Lee S. M.","year":"1972"},{"key":"rf32","volume-title":"Goal Programming and Extensions","author":"Ignizio J. P.","year":"1976"},{"key":"rf33","doi-asserted-by":"publisher","DOI":"10.1016\/B0-12-227240-4\/00082-4"},{"key":"rf34","volume-title":"Handbook of Critical Issues in Goal Programming","author":"Romero C.","year":"1991"},{"key":"rf35","doi-asserted-by":"crossref","unstructured":"D. F.\u00a0Jones and M.\u00a0Tamiz, Multiple Criteria Optimization State of the Art Annotated Bibliographic Surveys, eds. M.\u00a0Erghott and X.\u00a0Gandibleux (Kluwer, 2002)\u00a0pp. 129\u2013140.","DOI":"10.1007\/0-306-48107-3_3"},{"key":"rf36","doi-asserted-by":"publisher","DOI":"10.1080\/02522667.1996.10699283"},{"key":"rf37","doi-asserted-by":"publisher","DOI":"10.1016\/S0377-2217(97)00317-2"},{"key":"rf38","doi-asserted-by":"publisher","DOI":"10.1007\/s00158-002-0186-2"},{"key":"rf39","doi-asserted-by":"publisher","DOI":"10.1016\/S0377-2217(02)00793-2"}],"container-title":["International Journal of Information Technology &amp; Decision Making"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.worldscientific.com\/doi\/pdf\/10.1142\/S0219622012500332","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2023,6,27]],"date-time":"2023-06-27T18:30:03Z","timestamp":1687890603000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.worldscientific.com\/doi\/abs\/10.1142\/S0219622012500332"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2012,11]]},"references-count":35,"journal-issue":{"issue":"06","published-online":{"date-parts":[[2012,12,11]]},"published-print":{"date-parts":[[2012,11]]}},"alternative-id":["10.1142\/S0219622012500332"],"URL":"https:\/\/doi.org\/10.1142\/s0219622012500332","relation":{},"ISSN":["0219-6220","1793-6845"],"issn-type":[{"value":"0219-6220","type":"print"},{"value":"1793-6845","type":"electronic"}],"subject":[],"published":{"date-parts":[[2012,11]]}}}