Decisions in new businesses
Seyed Fakhreddin Fakhrehosseini; Omid Aghaei Meybodi
Abstract
The present paper presents the possibility of predicting firms' bankruptcy with Sprint, Altman, Fulmer, Zmijewski and Mckee Genetic models among companies in the Tehran Stock Exchange in a different way from previous research to introduce companies which have the potential for higher bankruptcy with ...
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The present paper presents the possibility of predicting firms' bankruptcy with Sprint, Altman, Fulmer, Zmijewski and Mckee Genetic models among companies in the Tehran Stock Exchange in a different way from previous research to introduce companies which have the potential for higher bankruptcy with a comparative approach among the models. To achieve this goal, 75 companies that are selected not covered base on 141 of the Commercial law. Required data for the 10 years (86-95) has been compiled. According to the results in each of the above models, some companies were identified as high-risk probability companies, and then companies that were identified as most likely to be bankrupt in most of these models. The results also show that, with the exception of Mckee model, in four other models, three companies with high bankruptcy probability were included. Among these four models, Zmijewski model has a higher coefficient of determination, hence we can say that relative to Other models have been more accurately predicted for bankruptcy and have a significant role in corporate bankruptcy among financial ratios, debt ratios, asset turnover, and asset returns.
Financial modeling
Meysam Kaviani; Seyed Fakhreddin Fakhrehosseini
Abstract
This article shows that Operations research techniques play an important role in the development researches of financial and investment, and in recent years, with significant improvements in terms of the availability of real-time data and the speed of computer, this role has increased and in line with ...
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This article shows that Operations research techniques play an important role in the development researches of financial and investment, and in recent years, with significant improvements in terms of the availability of real-time data and the speed of computer, this role has increased and in line with it by creating more opportunities for these techniques, more importance has been given to research and output. Given the importance of the issue today, there is a two-way relationship between financial concepts and investment with operational research techniques, that is, as various techniques of research in operations for financial affairs have been used, financial theories also require the development and improvement of solution Operations research techniques.The present paper shows that depending on the type of decision making in the field of finance and investment through research results, these techniques, in addition to raising the accuracy of the results of financial research, can lead to a greater variety of research, especially for the fields Financial engineering.