Usefulness of accounting information vs. market information in bankruptcy Prediction

The usefulness of accounting information has always been source of concern for standard setters that view the main goal of financial reporting as the issue required for generating useful information to facilitate decision making process according to conceptual framework. Predicting bankruptcy is one...

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Autores principales:	Gholamreza Karami, Seyed Mostafa Seyed Hosseini
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2012
Materias:	key words: accounting information market information bankruptcy prediction genetic algorithm cross-validation Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/2159105bc06346fa87c12a43be58bffc
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spelling	oai:doaj.org-article:2159105bc06346fa87c12a43be58bffc2021-11-04T19:42:36ZUsefulness of accounting information vs. market information in bankruptcy Prediction2008-89142476-292X10.22103/jak.2012.446https://doaj.org/article/2159105bc06346fa87c12a43be58bffc2012-11-01T00:00:00Zhttps://jak.uk.ac.ir/article_446_034bc8063c77c8fc7b0e8e726454b0d2.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThe usefulness of accounting information has always been source of concern for standard setters that view the main goal of financial reporting as the issue required for generating useful information to facilitate decision making process according to conceptual framework. Predicting bankruptcy is one of the main areas in which researchers have studied the usefulness of accounting information. However, to assess the usefulness of accounting information in current condition, it is necessary to compare it’s predicting ability in relation to other information resources such as market information. To this end, using genetic algorithm, models with different mixture of accounting and market variables are designed and tested. To improve the generalization of the results, cross-validation is used. The samples used in this study include the companies listed in Tehran Stock Exchange between 2001 to 2009. The fiundings show that accounting information is more useful in predicting bankruptcy than market information, and that market variables are not a good complement to accounting information in bankruptcy prediction.Gholamreza KaramiSeyed Mostafa Seyed HosseiniShahid Bahonar University of Kermanarticlekey words: accounting informationmarket informationbankruptcy predictiongenetic algorithmcross-validationAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 3, Iss 10, Pp 93-116 (2012)
institution	DOAJ
collection	DOAJ
language	FA
topic	key words: accounting information market information bankruptcy prediction genetic algorithm cross-validation Accounting. Bookkeeping HF5601-5689
spellingShingle	key words: accounting information market information bankruptcy prediction genetic algorithm cross-validation Accounting. Bookkeeping HF5601-5689 Gholamreza Karami Seyed Mostafa Seyed Hosseini Usefulness of accounting information vs. market information in bankruptcy Prediction
description	The usefulness of accounting information has always been source of concern for standard setters that view the main goal of financial reporting as the issue required for generating useful information to facilitate decision making process according to conceptual framework. Predicting bankruptcy is one of the main areas in which researchers have studied the usefulness of accounting information. However, to assess the usefulness of accounting information in current condition, it is necessary to compare it’s predicting ability in relation to other information resources such as market information. To this end, using genetic algorithm, models with different mixture of accounting and market variables are designed and tested. To improve the generalization of the results, cross-validation is used. The samples used in this study include the companies listed in Tehran Stock Exchange between 2001 to 2009. The fiundings show that accounting information is more useful in predicting bankruptcy than market information, and that market variables are not a good complement to accounting information in bankruptcy prediction.
format	article
author	Gholamreza Karami Seyed Mostafa Seyed Hosseini
author_facet	Gholamreza Karami Seyed Mostafa Seyed Hosseini
author_sort	Gholamreza Karami
title	Usefulness of accounting information vs. market information in bankruptcy Prediction
title_short	Usefulness of accounting information vs. market information in bankruptcy Prediction
title_full	Usefulness of accounting information vs. market information in bankruptcy Prediction
title_fullStr	Usefulness of accounting information vs. market information in bankruptcy Prediction
title_full_unstemmed	Usefulness of accounting information vs. market information in bankruptcy Prediction
title_sort	usefulness of accounting information vs. market information in bankruptcy prediction
publisher	Shahid Bahonar University of Kerman
publishDate	2012
url	https://doaj.org/article/2159105bc06346fa87c12a43be58bffc
work_keys_str_mv	AT gholamrezakarami usefulnessofaccountinginformationvsmarketinformationinbankruptcyprediction AT seyedmostafaseyedhosseini usefulnessofaccountinginformationvsmarketinformationinbankruptcyprediction
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Usefulness of accounting information vs. market information in bankruptcy Prediction

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