A Heuristic Model for Predicting Bankruptcy

Document Type : Original Article


1 University of Sistan and Baluchestan (Corresponding author)

2 PhD candidate in accounting, Islamic Azad University Kermanshah Branch

3 Faculty Member of the University of Marine Science and Maritime Chabahar

4 The University of Salford


Bankruptcy prediction is one of the major business classification problems. The main purpose of this study is to investigate Kohonen self-organizing feature map in term of performance accuracy in the area of bankruptcy prediction.  A sample of 108 firms listed in Tehran Stock Exchange is used for the study. Our results confirm that Kohonen network is a robust model for predicting bankruptcy in today’s fast changing business environment


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