Assistant Professor of Statistics, Professor of Finance, Graduate School of Business Administration, New York University, and Senior Investment Analyst, General Motors Corporation, respectively. We are grateful to Professor Jerome Friedman for making the recursive partitioning computer program available to us and for a number of helpful suggestions. We are indebted to Burton Singer for stimulating discussions about the recursive partitioning approach. We thank the Salomon Brothers Center at the Graduate School of Business Administration, New York University, for financial support. We also thank an anonymous referee for constructive comments.
Introducing Recursive Partitioning for Financial Classification: The Case of Financial Distress
Article first published online: 30 APR 2012
DOI: 10.1111/j.1540-6261.1985.tb04949.x
1985 The American Finance Association
Additional Information
How to Cite
FRYDMAN, H., ALTMAN, E. I. and KAO, D.-L. (1985), Introducing Recursive Partitioning for Financial Classification: The Case of Financial Distress. The Journal of Finance, 40: 269–291. doi: 10.1111/j.1540-6261.1985.tb04949.x
- †
Assistant Professor of Statistics, Professor of Finance, Graduate School of Business Administration, New York University, and Senior Investment Analyst, General Motors Corporation, respectively. We are grateful to Professor Jerome Friedman for making the recursive partitioning computer program available to us and for a number of helpful suggestions. We are indebted to Burton Singer for stimulating discussions about the recursive partitioning approach. We thank the Salomon Brothers Center at the Graduate School of Business Administration, New York University, for financial support. We also thank an anonymous referee for constructive comments.
Publication History
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
Options for accessing this content:
- If you have access to this content through a society membership, please first log in to your society website.
- If you would like institutional access to this content, please recommend the title to your librarian.
- Login via other institutional login options http://onlinelibrary.wiley.com/login-options.
- You can purchase online access to this Article for a 24-hour period (price varies by title)
- If you already have a Wiley Online Library or Wiley InterScience user account: login above and proceed to purchase the article.
- New Users: Please register, then proceed to purchase the article.
If your institution is a registered Wiley Online Library customer, you can log in under your institution's name to see our content. This access is provided by Shibboleth or Athens.
Type your institution's name in the box below. If your institution is a Wiley customer, it will appear in the list of suggested institutions.
Registered Users please login:
- Access your saved publications, articles and searches
- Manage your email alerts, orders and subscriptions
- Change your contact information, including your password
Please register to:
- Save publications, articles and searches
- Get email alerts
- Get all the benefits mentioned below!

1540-6261/asset/olbannerleft.gif?v=1&s=f5fa766df21c6468d114bb94916c51480b2eed9e)
1540-6261/asset/jofi_centre.gif?v=1&s=3be479aa919c797606665cb79e364d5eb71c8734)
1540-6261/asset/cover.gif?v=1&s=5192ce61b1e4bde927ebc2df55b44b4da55ef137)