Empirical study of financial affairs early warning model on companies based on artificial neural network

Authors:
Tian Bo;Qin Zheng
Affiliations:
School of Management, Xi'an Jiaotong University, Xi'an, China;School of Management, Xi'an Jiaotong University, Xi'an, China
Venue:
ICNC'06 Proceedings of the Second international conference on Advances in Natural Computation - Volume Part I
Year:
2006

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Abstract

This paper attempts to develop an intelligent financial distress forecasting pattern using Artificial Neural Networks (ANNs) by taking advantage of the ANNs for recognizing complex patterns in data and universal functional approximation capability. Using STzhujiang and Non-STshenzhenye stocks as the study samples, the objective is to make ANN model as financial affairs early warning research tool through building an intelligent and individual financial distress forecasting patterns. The model built for individual industries would be even more predictive than general models built with multi-industry samples. Results show that ANNs are valuable tools for modeling and forecasting ST and Non-ST companies whether they are being in financial distress. The simulation result shown that ANNs models can be applied in financial affairs early warning system. The companies can build their own financial distress forecasting patterns based on their own running surroundings using proposed ANNs models.