Grammatical Evolution (GE) is a novel data-driven, model-induction tool, inspired by the biological gene-to-protein mapping process. This study provides an introduction to GE, and demonstrates the methodology by applying it to construct a series of models for the prediction of bankruptcy, employing information drawn from financial statements. Unlike prior studies in this domain, the raw financi...

Few studies that have focused on developing credit risk models specifically for small and medium-sized enterprises (SMEs) have included non-financial information as a predictor of company creditworthiness. In this study we have available non-financial, regulatory compliance and “event” data to supplement the limited accounting data that is often available for non-listed firms. We employ a sampl...

Responding to the recent accounting scandals, the Securities and Exchange Commission (SEC) required chief executive officers (CEOs) and chief financial officers (CFOs) of large publicly traded companies to swear by their financial statements. Focusing on executive oaths that were filed by the first deadline of August 14, 2002, this study finds that stock markets, on average, reacted positively ...

This study presents two models of a financial market with CARA agents, binary signals as private information, noise traders and market-makers. In the first model, the fundamental value of the asset is related to the mass of agents able to participate in the market; in the second, the aggregate state defines both the fundamental value of the asset and the precision of private informations. In bo...

in the information and communication era, management information systems play an undeniable role in organizations.  bank parsian is a iranian banking and financial services company, which has a network of 273 banking branch, known as the largest iranian private bank. this research examines the gaps in customer relationships systems in bank parsian based on characteristics of management informat...

This study aims to develop and evaluate a model that seeks measure the impact of Accounting Information System Quality, Internal Control Quality Non-Financial on company success (Decision-Making Success Performance). is empirically tested with data obtained from managers 381 Portuguese companies. We use structural equation modelling in analysis causal relationships between different constructs....

payoffs from information technology (it) continue to generate interest and debate both among academicians and practitioners. these have led the decision makers to confusion about it effect on firms` financial performance; they don’t know either high or low effect is because of internal or external factors of organizational environment. the mechanism for decreasing the risks is to identify the c...