Distress Risk and Corporate Failure Modelling: The State of the Art
Routledge · 2023
His most recent survey of how corporate failure is actually predicted, drawing together the statistical-learning methods that sit at the heart of distress scoring.
Professor of Accounting at the University of Sydney and Co-Editor-in-Chief of Abacus. For more than three decades, a leading authority on applying machine learning to bankruptcy prediction, corporate distress, and credit risk. Professor Jones invented Alpha360, building directly on that research.
Professor Stewart Jones is one of the world’s foremost researchers on bankruptcy prediction, credit risk, and the application of machine learning to financial markets. For more than three decades his work has chased a single question: what actually predicts how a company performs, survives, or fails. That question runs through everything Financial Trends Australia does.
Professor Jones was applying machine learning to financial data long before it was fashionable. His peer-reviewed work, published in the leading accounting and finance journals, puts neural networks, gradient boosting, and deep learning to work on the problems that move markets: corporate failure, credit-rating changes, and the fundamentals that drive company performance. This is not method borrowed from somewhere else. It is method Professor Jones helped build and stress-test across decades of real market data.
Alpha360 is the distillation of that work, and Professor Jones invented it. The Jones Dynamic Score, the factor architecture, the way the entire market is ranked: all of it comes straight from his research, not a vendor model and not a back-fitted signal. It carries his name because it is his.
Professor Jones is a Fellow of the Academy of the Social Sciences in Australia, Co-Editor-in-Chief of Abacus, a former Head of the Accounting Discipline at the University of Sydney, and the holder of seven Australian Research Council grants. More than 160 scholarly works and over 20 books stand behind the platform you are reading.
More than 20 books across corporate failure, credit risk, and accounting theory, from foundational reference works to his most recent texts. Every title carries real weight; each links to its publisher where available.
Routledge · 2023
His most recent survey of how corporate failure is actually predicted, drawing together the statistical-learning methods that sit at the heart of distress scoring.
Cambridge University Press · 2008
A credit-risk modelling reference, assembled with leading researchers, setting out the advanced methods used to rate a company's odds of failure.
Stewart Jones · 2026
A plain-English guide to reading a balance sheet and income statement the way an analyst does, turning raw financials into a view on performance and risk.
Routledge · 2022
Where capital allocation meets measurable impact, examining how investors weigh social and financial returns in an Australian market context.
Nelson Thomson Learning · 2002
The groundwork: how accounting numbers are built and what they can and cannot tell you, the basis for trusting any score derived from them.
Routledge · 2015
A reference-grade survey of the theory behind financial reporting, mapping the assumptions every investor relies on when reading a set of accounts.
Cengage Learning Australia · 2009
The teaching text on how financial information drives decisions, the discipline behind turning reported numbers into investment judgement.
Sydney University Press · 2013
A hard look at corporate sustainability reporting: how much of it is genuine disclosure and how much is rhetoric, the early questions behind today's ESG scrutiny.
A selection from a record of more than 160 published works. Full publication list available on request.
None of this is back-fitted, and none of it is borrowed. Alpha360 is the same research into corporate failure, credit risk, and machine learning set out above, turned into a live score on every company we cover. The methodology is published in full.
See how his research becomes Alpha360 → Who we are →A private walkthrough of how Alpha360 reads the market, how the Jones Dynamic Score works, and what a research-backed investment decision looks like.
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