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Paper Information

Journal:   JOURNAL OF ACCOUNTING KNOWLEDGE   FALL 2012 , Volume 3 , Number 10; Page(s) 93 To 116.
 
Paper: 

USEFULNESS OF ACCOUNTING INFORMATION VS. MARKET INFORMATION IN BANKRUPTCY PREDICTION

 
 
Author(s):  KARAMI GHOLAMREZA*, SEYED HOSSEINI SEYED MOSTAFA
 
* FACULTY OF MANAGEMENT, UNIVERSITY OF TEHRAN
 
Abstract: 

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 its 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.

 
Keyword(s): ACCOUNTING INFORMATION, MARKET INFORMATION, BANKRUPTCY PREDICTION, GENETIC ALGORITHM, CROSS-VALIDATION
 
 
References: 
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Citations: 
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+ Click to Cite.
APA: Copy

KARAMI, G., & SEYED HOSSEINI, S. (2012). USEFULNESS OF ACCOUNTING INFORMATION VS. MARKET INFORMATION IN BANKRUPTCY PREDICTION. JOURNAL OF ACCOUNTING KNOWLEDGE, 3(10), 93-116. https://www.sid.ir/en/journal/ViewPaper.aspx?id=275566



Vancouver: Copy

KARAMI GHOLAMREZA, SEYED HOSSEINI SEYED MOSTAFA. USEFULNESS OF ACCOUNTING INFORMATION VS. MARKET INFORMATION IN BANKRUPTCY PREDICTION. JOURNAL OF ACCOUNTING KNOWLEDGE. 2012 [cited 2021July23];3(10):93-116. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=275566



IEEE: Copy

KARAMI, G., SEYED HOSSEINI, S., 2012. USEFULNESS OF ACCOUNTING INFORMATION VS. MARKET INFORMATION IN BANKRUPTCY PREDICTION. JOURNAL OF ACCOUNTING KNOWLEDGE, [online] 3(10), pp.93-116. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=275566.



 
 
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