Institutional Repository
Technical University of Crete
Technical University of Crete
EN
|
EL
| URI | http://purl.tuc.gr/dl/dias/4C3395D6-6DA2-4895-B073-AC48B1475C28 | - |
| Language | en | - |
| Extent | 8 pages | en |
| Title | A fuzzy knowledge-based decision aiding method for the assessment of financial risk: the case of corporate bankruptcy prediction | en |
| Creator | Matsatsinis Nikolaos | en |
| Creator | Ματσατσινης Νικολαος | el |
| Creator | Spanos,M | en |
| Creator | Dounias, G | en |
| Creator | Zopounidis, Constantin | en |
| Content Summary | In many real world problems it is often difficult to find dependencies between the variables of a process or more general of a system, dependencies which can be used for controlling a plant, forecasting a value or classifying a group of objects into pre-defined classes. Since in many cases, analytic dependencies are unknown or very difficult to set up, the formulation of dependencies with the help of fuzzy rules offers a useful alternative. This paper presents the combined use of a fuzzy rule generation method and a data mining technique for financial risk assessment. The case of business failure is considered here and the classification of the firms into two classes is sought. Initially, a method for the generation of fuzzy rules is used. Then these rules are imported to a data mining technique so as the firms can be classified into as bankrupt or non-bankrupt. The fuzzy method supports the discovery of relevant dependencies by the automatic generation of if/then rules on the basis of expert knowledge, while the data mining technique, with the help of a fuzzy rule-based classifier, assigns an object to different classes on the basis of various different characteristics (financial ratios). Finally, a thorough comparison with discriminant analysis, logit and probit analysis is performed based on the same sample. | en |
| Type of Item | Πλήρης Δημοσίευση σε Συνέδριο | el |
| Type of Item | Conference Full Paper | en |
| License | http://creativecommons.org/licenses/by/4.0/ | en |
| Date of Item | 2015-11-03 | - |
| Date of Publication | 1999 | - |
| Subject | Capability, Financial (Financial literacy) | en |
| Subject | Financial capability (Financial literacy) | en |
| Subject | Literacy, Financial | en |
| Subject | financial literacy | en |
| Subject | capability financial financial literacy | en |
| Subject | financial capability financial literacy | en |
| Subject | literacy financial | en |
| Bibliographic Citation | M. Spanos, G. Dounias, N. Matsatsinis, C. Zopounidis ," A fuzzy knowledge-based decision aiding method for the assessment of financial risk: the case of corporate bankruptcy prediction,"in European Symposium on Intelligent Techniques,1999,pp. 14-21. | en |
Copyright © DIAS 2013
