Abstract This paper investigates if bankruptcy of Japanese listed companies can be predicted using data from 1992 to 2005. We find that the traditional measures, such as Altman’s (J Finance 23:589–609, 1968) Z-score, Ohlson’s (J Accounting Res 18:109–131, 1980) O-score and the option pricing theory-based distance-todefault, previously developed for the U.S. market, are also individually useful for the Japanese market. Moreover, the predictive power is substantially enhanced when these measures are combined
Words: 13066 - Pages: 53
ARTIFICIAL NEURAL NETWORKS METHODOLOGICAL ADVANCES AND BIOMEDICAL APPLICATIONS Edited by Kenji Suzuki Artificial Neural Networks - Methodological Advances and Biomedical Applications Edited by Kenji Suzuki Published by InTech Janeza Trdine 9, 51000 Rijeka, Croatia Copyright © 2011 InTech All chapters are Open Access articles distributed under the Creative Commons Non Commercial Share Alike Attribution 3.0 license, which permits to copy, distribute, transmit, and adapt the work in any medium
Words: 43079 - Pages: 173
A Guide to Modern Econometrics 2nd edition Marno Verbeek Erasmus University Rotterdam A Guide to Modern Econometrics A Guide to Modern Econometrics 2nd edition Marno Verbeek Erasmus University Rotterdam Copyright 2004 John Wiley & Sons Ltd, The Atrium, Southern Gate, Chichester, West Sussex PO19 8SQ, England Telephone (+44) 1243 779777 Email (for orders and customer service enquiries): cs-books@wiley.co.uk Visit our Home Page on www.wileyeurope.com or www
Words: 194599 - Pages: 779
MULTIPLECHOICE SECTION INSTRUCTIONS: Read all instructions carefully. Please answer all questions. Each question is worth 0.5 points. The Multiple Choice section is worth 40 points. **Do not enter your answers here.** Type in the letter you select as the best answer on the Answer Sheet provided by your instructor. 1. Which of these would be a valid hypothesis? A) Human history is determined by a series of supernatural events. B) Humans should help in the conservation of
Words: 6163 - Pages: 25
The Least Common Multiple of two integers, is the least positive integer that is divisible by both integers. This is connected by a simple formula with the greatest common divisor of the two integers, a familiar topic from modern algebra and number theory. The purpose of this paper is to present a proof for the connection between least common multiple and greatest common divisor. Along the way we will see several other properties of the least common multiple, as well as a number of examples. Throughout
Words: 1350 - Pages: 6
revised form 21 July 2015 Accepted 27 July 2015 Available online 31 July 2015 Here we report optical properties for cubic phase Strontium Zirconate (SrZrO3) at different pressure values (0, 40, 100, 250 and 350) GPa under density functional theory (DFT) using Perdew-Becke-Johnson (PBE-GGA) as exchange-correlation functional. In this article we first time report all the optical properties for SrZrO3. The real and imaginary dielectric functions has investigated along with reflectivity, energy
Words: 5414 - Pages: 22
Statistics and Computing Series Editors: J. Chambers D. Hand W. H¨ rdle a Statistics and Computing Brusco/Stahl: Branch and Bound Applications in Combinatorial Data Analysis Chambers: Software for Data Analysis: Programming with R Dalgaard: Introductory Statistics with R, 2nd ed. Gentle: Elements of Computational Statistics Gentle: Numerical Linear Algebra for Applications in Statistics Gentle: Random Number Generation and Monte Carlo Methods, 2nd ed. H¨ rdle/Klinke/Turlach: XploRe: An Interactive
Words: 104817 - Pages: 420
A Solution Manual for: A First Course In Probability: Seventh Edition by Sheldon M. Ross. John L. Weatherwax∗ September 4, 2007 Introduction Acknowledgements Special thanks to Vincent Frost and Andrew Jones for helping find and correct various typos in these solutions. Miscellaneous Problems The Crazy Passenger Problem The following is known as the “crazy passenger problem” and is stated as follows. A line of 100 airline passengers is waiting to board the plane. They each hold a ticket to one of
Words: 60161 - Pages: 241
what food and clothing to buy, how much education to acquire, and so on. Consumer choice provides an excellent example of constrained optimization, one of the key tools discussed in Chapter 1. People have unlimited desires, but limited resources. The theory of consumer choice focuses on how consumers with limited resources choose goods and services. besa44438_ch03.qxd 10/12/04
Words: 14819 - Pages: 60
CHAOS THEORY It is a field of study in mathematics, with applications in several disciplines including, and philosophy. Chaos theory studies the behavior of dynamical systems that are highly sensitive to initial conditions—a response popularly referred to as the butterfly effect. Chaotic behavior can be observed in many natural systems, such as weather and climate. This behavior can be studied through analysis of a chaotic mathematical model, or through analytical techniques such as recurrence
Words: 4143 - Pages: 17