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INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS
COPY RIGHT © 2011 Institute of Interdisciplinary Business Research
595
SEPTEMBER 2011
VOL 3, NO 5
Corporate financial distress prediction using artificial neural
networks and Using micro-level financial indicators
Mohammad Hasn Gholizadeh
14
Mohsen Mohammad Nourbakhsh Langroudi
15
Ali Bahmani
16
Behnam Shadi Dizaji
17
Abstract:
many companies are going in financial distress In today's complex economic
environment; Predict the probability of bankruptcy will help them to decide of
appropriate internal and external stakeholders organizations. The main goal of this
research has been to predict corporate financial distress Using artificial neural
networks and internal factors affecting on company, Using financial micro variables.
The study population was consisted of 444 companies listed in Tehran Stock
Exchange for the years 1386-1384 and The sample includes 144 company. MATLAB
software to verify the hypothesis of the study and Neural Network Toolbox and using
it in the code, is a neural network design and analysis. The results of this study
indicate that the The use of micro-economics can play an important role to play in
financial distress or further fractures.
Keywords: financial distress, neural networks, financial indice
Introduction
Growth and development of technology and management decisions are difficult,
especially after the 1950 And institutions seeking to increase trade, economic
relations and trade are significantly more complex; Economic policies of governments
in the developed countries, this complexity is added. In such circumstances the role of
financial management in the strategic goals of the organization is excellent. In such an
environment, many companies are in financial distress; The predicted probability of
bankruptcy and its external stakeholders in decision-making, The company's
customers to banks and credit institutions in takes place, has a significant impact And
other stakeholders from the local managers of the company, but they are Also
predicted that the crisis can take decisions as appropriate to deal with it. What was
described as being of strategic financial decisions, Financial managers tend to use
modern methods of analysis and forecasts are And the purpose of computers and
sophisticated mathematical models are used to advance their goals. The most
advanced models, "Artificial Neural Networks" that benchmarking and simulation of
natural human neural networks are designed. Artificial neural network model,
mathematical aspects of the process of biological neural networks represent the body.
This model uses the computational speed of computers, complex relationships
between the variables analyzed and then used to predict future values
14 -Assistant professor ,Department of management, Rasht Branch, quilan University, Rasht, iran
15 - Financial Assistance and Support of Regional Power , Part-time faculty of Islamic Azad
University , Rasht Branch,iran
16 - Budget experts and Gilan Regional Electricity MA student - Finance, Islamic Azad University of
Rasht
17 -Masters, Department of Business Management, ajabshir Branch, peyamnour University, ajabshir,
Iran