the bankruptcy prediction models have long been proposedas a key subject in finance. the present study, therefore, makes aneffort to examine the corporate bankruptcy prediction through employmentof the genetic algorithm model. furthermore, it attempts to evaluatethe strategies to overcome the drawbacks of ordinary methods forbankruptcy prediction through application of genetic algorithms. thesa...

Bankruptcy is one of the most important issues in Financial Management and investment. Numerous studies on Bankruptcy Prediction have been carried out considering Quantitative factors and they applied different techniques on it to predict Bankruptcy, while only fewer studies have proposed and considered Qualitative factors for prediction of Bankruptcy and even then failure of bankruptcy persist...

This paper analyzes bankruptcy problems with nontransferable utility as a generalization of bankruptcy problems with monetary estate and claims. Following the classical axiomatic theory of bankruptcy, we formulate some appropriate properties for NTU-bankruptcy rules and study their implications. We explore duality of bankruptcy rules and we derive several characterizations of the generalized pr...

Bankruptcy is a legal procedure that claims a person or organization as a debtor. It is essential to ascertain the risk of bankruptcy at initial stages to prevent financial losses. In this perspective, different soft computing techniques can be employed to ascertain bankruptcy. This study proposes a bankruptcy prediction system to categorize the companies based on extent of risk. The prediction...

judgment of bankruptcy leads to bankruptcy of merchant. therefore, merchant will be incapable and cannot possess in his asset. various provisions can be found in commercial code, regarding contract’s of bankrupt merchant, which is inconsistent with civil code. article 423 has stipulated that trades of merchant after bankruptcy, in three cases will be void. this position is not consistent with c...

This paper introduces an explicit institution of bankruptcy into a general equilibrium model of endogenous ̄nancial markets with asymmetric information. The institution of bankruptcy is modelled as a set of rules that determine if an agent is eligible to have his debts discharged. Those rules are called a bankruptcy code. Given a bankruptcy code, we allow free entry of intermediaries o®ering al...

the financial crisis have caused many writers to become concerned with the effectiveness of existing bankruptcy laws, which encompasses both the usefulness of reorganization and liquidation laws, as well as efficiency of the judicial system to uphold the laws in court. this concern accompanied in our legal system with the privatization movement has caused many banks owned by the government to b...

Existing quantitative-theoretic models of bankruptcy do not make a distinction between bankruptcy and default. In reality, default occurs first and is generally – but not always (and perhaps not even typically) – followed by a bankruptcy filing months later. While we possess reasonably sophisticated models of household default, we do not possess a comparably sophisticated model about the timing...

Fuzzy logic has been widely used in machinery, robotics, and industrial engineering. This chapter introduces the use of fuzzy logic for the needs of financial management. The process of globalization has led to the emergence of a complex network of relationships in the business environment. In a free market economy, this means increased complexity and uncertainty of factors affecting the financ...

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...