…rtunately, recent work has championed a combination of both market-based and accounting approaches. Chava and Jarrow (2004) find that accounting variables such as net income to total assets and market-based variables such as the idiosyncratic standard deviation of firm stock market returns are both statistically significant predictors of bankruptcy filing. More recently, Tinoco and Wilson (2013)[6] employ cutting-edge machine learning tools to raise the p…