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https://doi.org/10.17818/EMIP/2026/34

MACHINE LEARNING APPROACHES IN CREDIT RISK MODELLING IN B2B TRANSACTIONS IN THE NON-FINANCIAL SECTOR

Suzi Mikulić orcid id orcid.org/0000-0001-8730-7432 ; Sveučilište u Mostaru, Bosna i Hercegovina *

* Dopisni autor.


Puni tekst: engleski pdf 746 Kb

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Sažetak

Credit risk in business-to-business (B2B) transactions can threaten financial stability if it is not managed effectively. This study evaluates the use of machine learning (ML) methods to predict credit risk in B2B transactions, using 4,828 observations from large companies in Bosnia and Herzegovina over a five-year period. Three ensemble-based ML models (Bagging Decision Tree, Random Forest, and Gradient Boosting) were compared with logistic regression. All ML models showed strong predictive performance, with Gradient Boosting performing slightly better overall. Liquidity, activity, and leverage indicators were the most important predictors across all models, while non-financial variables made only a limited contribution. The findings highlight the importance of accounting information in credit risk assessment and are relevant to IFRS 9, where probability of default is a key input to expected credit loss estimation under the general approach. These results provide a basis for further development of credit risk models for non-financial companies.

Ključne riječi

machine learning; credit risk models; B2B transactions; IFRS 9; non-financial sector

Hrčak ID:

349505

URI

https://hrcak.srce.hr/349505

Datum izdavanja:

17.7.2026.

Podaci na drugim jezicima: hrvatski

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