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Artificial neural networks in bankruptcy prediction: General framework and cross-validation analysis

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  • Zhang, Guoqiang
  • Y. Hu, Michael
  • Eddy Patuwo, B.
  • C. Indro, Daniel

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  • Zhang, Guoqiang & Y. Hu, Michael & Eddy Patuwo, B. & C. Indro, Daniel, 1999. "Artificial neural networks in bankruptcy prediction: General framework and cross-validation analysis," European Journal of Operational Research, Elsevier, vol. 116(1), pages 16-32, July.
    • Handle: RePEc:eee:ejores:v:116:y:1999:i:1:p:16-32
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    References listed on IDEAS

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    1. Kurt M. Fanning & Kenneth O. Cogger, 1994. "A Comparative Analysis of Artificial Neural Networks Using Financial Distress Prediction," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 3(4), pages 241-252, December.
    2. Hung, Ming S. & Denton, James W., 1993. "Training neural networks with the GRG2 nonlinear optimizer," European Journal of Operational Research, Elsevier, vol. 69(1), pages 83-91, August.
    3. Altman, Edward I. & Marco, Giancarlo & Varetto, Franco, 1994. "Corporate distress diagnosis: Comparisons using linear discriminant analysis and neural networks (the Italian experience)," Journal of Banking & Finance, Elsevier, vol. 18(3), pages 505-529, May.
    4. J.E. Boritz & D.B. Kennedy & Augusto de Miranda e Albuquerque, 1995. "Predicting Corporate Failure Using a Neural Network Approach," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 4(2), pages 95-111, June.
    5. Edmister, Robert O., 1972. "An Empirical Test of Financial Ratio Analysis for Small Business Failure Prediction," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 7(2), pages 1477-1493, March.
    6. Edward I. Altman, 1968. "Financial Ratios, Discriminant Analysis And The Prediction Of Corporate Bankruptcy," Journal of Finance, American Finance Association, vol. 23(4), pages 589-609, September.
    7. Pamela K. Coats & L. Franklin Fant, 1993. "Recognizing Financial Distress Patterns Using a Neural Network Tool," Financial Management, Financial Management Association, vol. 22(3), Fall.
    8. Ohlson, Ja, 1980. "Financial Ratios And The Probabilistic Prediction Of Bankruptcy," Journal of Accounting Research, Wiley Blackwell, vol. 18(1), pages 109-131.
    9. Johnson, Craig G, 1970. "Ratio Analysis and the Predicition of Firm Failure," Journal of Finance, American Finance Association, vol. 25(5), pages 1166-1168, December.
    10. Tam, KY, 1991. "Neural network models and the prediction of bank bankruptcy," Omega, Elsevier, vol. 19(5), pages 429-445.
    11. Kar Yan Tam & Melody Y. Kiang, 1992. "Managerial Applications of Neural Networks: The Case of Bank Failure Predictions," Management Science, INFORMS, vol. 38(7), pages 926-947, July.
    12. Beaver, Wh, 1966. "Financial Ratios As Predictors Of Failure," Journal of Accounting Research, Wiley Blackwell, vol. 4, pages 71-111.
    13. Lacher, R. C. & Coats, Pamela K. & Sharma, Shanker C. & Fant, L. Franklin, 1995. "A neural network for classifying the financial health of a firm," European Journal of Operational Research, Elsevier, vol. 85(1), pages 53-65, August.
    14. Shanker, M. & Hu, M. Y. & Hung, M. S., 1996. "Effect of data standardization on neural network training," Omega, Elsevier, vol. 24(4), pages 385-397, August.
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