Different bankruptcy prediction patterns in an emerging economy: Iranian evidence
سال
: 2016
چکیده: Purpose – Bankruptcy, stock price fluctuations and making decisions to invest on the listed
companies on the Tehran Stock Exchange show the need to have some tools for evaluating the financial
potential of companies. One of the tools for evaluating financial power to investment in companies is
using analysis of financial ratios and obtaining the patterns for predicting the bankruptcy of companies.
The purpose of this study is to modify the current patterns for predicting bankruptcy in proportion to
the environmental status of Iran and to present a new pattern for determining the bankruptcy of the
listed companies.
Design/methodology/approach – To modify the patterns and present a new pattern, in this
research, the hypotheses pertinent to the ability for right classification of the companies are designed by
the modified patterns of predicting the company’s bankruptcy and ranking, that is according to the
envelopment analysis method and by comparison of the results and presenting a new prediction
pattern.
Findings – The hypotheses test results show that modification of bankruptcy patterns and
presentation of a new bankruptcy pattern are confirmed by the data envelopment analysis.
Originality/value – The current paper is almost the first paper which combined several different
methods of bankruptcy prediction.
companies on the Tehran Stock Exchange show the need to have some tools for evaluating the financial
potential of companies. One of the tools for evaluating financial power to investment in companies is
using analysis of financial ratios and obtaining the patterns for predicting the bankruptcy of companies.
The purpose of this study is to modify the current patterns for predicting bankruptcy in proportion to
the environmental status of Iran and to present a new pattern for determining the bankruptcy of the
listed companies.
Design/methodology/approach – To modify the patterns and present a new pattern, in this
research, the hypotheses pertinent to the ability for right classification of the companies are designed by
the modified patterns of predicting the company’s bankruptcy and ranking, that is according to the
envelopment analysis method and by comparison of the results and presenting a new prediction
pattern.
Findings – The hypotheses test results show that modification of bankruptcy patterns and
presentation of a new bankruptcy pattern are confirmed by the data envelopment analysis.
Originality/value – The current paper is almost the first paper which combined several different
methods of bankruptcy prediction.
کلیدواژه(گان): Data envelopment analysis,Logistic regression,Bankruptcy prediction patterns,
Discriminative analysis
کالکشن
:
-
آمار بازدید
Different bankruptcy prediction patterns in an emerging economy: Iranian evidence
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| contributor author | مهدی صالحی | en |
| contributor author | Mahmoud Mousavi Shiri | en |
| contributor author | Mahdi Salehi | fa |
| date accessioned | 2020-06-06T13:31:12Z | |
| date available | 2020-06-06T13:31:12Z | |
| date issued | 2016 | |
| identifier uri | http://libsearch.um.ac.ir:80/fum/handle/fum/3358257 | |
| description abstract | Purpose – Bankruptcy, stock price fluctuations and making decisions to invest on the listed companies on the Tehran Stock Exchange show the need to have some tools for evaluating the financial potential of companies. One of the tools for evaluating financial power to investment in companies is using analysis of financial ratios and obtaining the patterns for predicting the bankruptcy of companies. The purpose of this study is to modify the current patterns for predicting bankruptcy in proportion to the environmental status of Iran and to present a new pattern for determining the bankruptcy of the listed companies. Design/methodology/approach – To modify the patterns and present a new pattern, in this research, the hypotheses pertinent to the ability for right classification of the companies are designed by the modified patterns of predicting the company’s bankruptcy and ranking, that is according to the envelopment analysis method and by comparison of the results and presenting a new prediction pattern. Findings – The hypotheses test results show that modification of bankruptcy patterns and presentation of a new bankruptcy pattern are confirmed by the data envelopment analysis. Originality/value – The current paper is almost the first paper which combined several different methods of bankruptcy prediction. | en |
| language | English | |
| title | Different bankruptcy prediction patterns in an emerging economy: Iranian evidence | en |
| type | Journal Paper | |
| contenttype | External Fulltext | |
| subject keywords | Data envelopment analysis | en |
| subject keywords | Logistic regression | en |
| subject keywords | Bankruptcy prediction patterns | en |
| subject keywords | Discriminative analysis | en |
| journal title | International Journal of Law and Management | fa |
| pages | 258-280 | |
| journal volume | 58 | |
| journal issue | 3 | |
| identifier link | https://profdoc.um.ac.ir/paper-abstract-1058417.html | |
| identifier articleid | 1058417 |