Testing of Altman Z Methods Which is Used for Detecting of Financial Failures With Fuzzy Logic (Anfis) Technique: A Case Study on Technology and Textile Sector

Selahattin Koç and Sinem Ulucan
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Selahattin Koç: Cumhuriyet University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2016, vol. 31, issue 106, 147-167

Abstract: Failure has negative effects on both the groups directly con¬cerned with the Corporation, and macroeconomics. This situation has increased the determination of the Corporation failures. In this work, it is intended the determination of failure situations by determinating the situations of real sector corporations. It is used the datas of the corporations on BIST textile and technology index (2006-2013). because of the fact that the Altman Z is a common method for forecasting the failures of the corporations, it was stu¬died to forecast by calculating Altman Z skors. As a result, the model which was created with ANFIS succeded to forecast the corporation failure.

Keywords: ANFIS; ALTMAN Z Score; Estimation of Com¬pany Failure; Textile and Technology Sector (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:31:y:2016:i:106:p:147-167

DOI: 10.33203/mfy.341768

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