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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. Tam, KY, 1991. "Neural network models and the prediction of bank bankruptcy," Omega, Elsevier, vol. 19(5), pages 429-445.
    2. 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.
    3. 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.
    4. 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.
    5. Beaver, Wh, 1966. "Financial Ratios As Predictors Of Failure," Journal of Accounting Research, Wiley Blackwell, vol. 4, pages 71-111.
    6. 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.
    7. 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.
    8. 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.
    9. 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.
    10. 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.
    11. 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.
    12. Ohlson, Ja, 1980. "Financial Ratios And The Probabilistic Prediction Of Bankruptcy," Journal of Accounting Research, Wiley Blackwell, vol. 18(1), pages 109-131.
    13. 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.
    14. 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.
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