This study sampled companies listed on Taiwan Stock Exchange that examined financial distress between 2003 and 2009. It uses the survival analysis to find the main indicators which can explain the business bankruptcy in Taiwan. This paper uses the Cox Proportional Hazard Model to assess the usefulness of traditional financial ratios and market variables as predictors of the probability of busin...

the main purpose of this paper is prediction of tse corporate financial bankruptcy using artificial neural networks. the mean values of key ratios reported in past bankruptcy studies were selected for neural network inputs (working capital to total assets, net income to total assets, total debt to total assets, current assets to current liabilities, quick assets to current liabilities). the neu...

Bankruptcy prediction is a major issue in classification of companies. Since bankruptcy is extremely costly, investors, owners, managers, creditors, and government agencies are interested in evaluating the financial status of companies. This study tried to predict bankruptcy among companies registered in Tehran Stock Exchange (Iran) by designing imperialist competitive algorithm and genetic alg...

This paper uses Benford’s Law, a mathematical law that predicts the frequency of naturally occurring numbers, to investigate the occurrence of the intentional manipulation of reported financial statement numbers during recessionary times. The analysis shows that reported financial statement data generally conforms to Benford’s Law. However, in periods surrounding recessions occurring since 1950...

The U.S. personal bankruptcy system functions as a bankruptcy system for small businesses as well as consumers, because debts of noncorporate firms are personal liabilities of the firms’ owners. If the firm fails, the owner has an incentive to file for bankruptcy, since both business debts and the owner’s personal debts will be discharged. In bankruptcy, the owner must give up assets above a fi...