Linkage Projects - Grant ID: LP0453884

Funding Activity

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Funded Activity Summary

Improving the modelling of insolvency risk and financial health assessment of global companies using hybrid intelligent techniques. The social and economic impacts of corporate collapses are severe, and much research has modelled financial health and insolvency risk of companies. Most research, however, uses simple and out-dated financial ratios used by Altman (1968), and attempts to develop a universal model valid for specific (non-global) markets. Our approach is to improve the relevance of the information provided to the models (including measures of strategy, recent accounting metrics, global context). We also challenge the merits of a universal model by developing and testing a novel hybrid intelligent approach combining neural networks, genetic algorithms and self-organising maps, applicable to global markets.

Funded Activity Details

Start Date: 12-2004

End Date: 06-2008

Funding Scheme: Linkage Projects

Funding Amount: $70,668.00

Funder: Australian Research Council