A Robust Multivariate Procedure for the Identification of Problem Savings and Loan Institutions*
针对1980年代储蓄和贷款机构大量倒闭的问题，提出一种稳健多元程序，帮助监管者提前识别可能倒闭的机构，从而预防实际倒闭。
ABSTRACT The 1980s have seen a great increase in the number of failed savings and loan institutions. In order to prevent such failures, it would be helpful if regulators have an early warning model. Such a model should be able to flag potential failed firms to prevent failure. In this paper, a robust multivariate procedure is used to successfully identify potentially failed firms well ahead of an actual failure date.