Using AI in SMEs to Prevent Corporate Insolvencies: Identification of Frequently Used Algorithms Based on a Literature Review

Rudolf Gruenbichler*, Raphael Krebs

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference paperpeer-review

Abstract

Digitization in enterprises enables the application of artificial intel-
ligence, especially machine learning. One area of use for artificial intelligence
is in the creation of an insolvency forecast for companies. With a literature re-
view, the current status on the usage of artificial intelligence in insolvency fore-
casting is presented. For this purpose, the two databases Scopus and Web of
Science are searched for scientific papers on the topic of artificial intelligence
and corporate insolvencies to get an up-to-date impression of the status quo.
A particular focus is placed on small and medium-sized companies. It is shown
that artificial intelligence methods provide better results compared to classical
methods. The research reveals that the most important algorithms related to
the prediction of potential corporate insolvency are artificial neural networks,
decision trees and support vector machines as well as hybrid models
Translated title of the contributionDer Einsatz von KI zur Insolvenzvermeidung in KMU: Identifikation von häufig genutzten Algorithmen basierend auf einer Literaturrecherche
Original languageEnglish
Title of host publicationLeadership, Innovation, Management and Economics: Integrated Politics of Research
Subtitle of host publicationSelected Papers
Place of PublicationBelgrade
PublisherAssociation of Economists and Managers of the Balkans
Pages27-41
Number of pages16
Volume2021
ISBN (Print)978-86-80194-53-0
DOIs
Publication statusPublished - 5 May 2022
EventLIMEN 2021: 7th International Scientific-Business Conference on Leadership, Innovation, Management and Economics: Integrated Politics of Research - Graz, Austria/Online-virtual, Graz, Austria
Duration: 16 Dec 202116 Dec 2021
http://www.limen-conference.com

Conference

ConferenceLIMEN 2021: 7th International Scientific-Business Conference on Leadership, Innovation, Management and Economics
Country/TerritoryAustria
CityGraz
Period16/12/2116/12/21
Internet address

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