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Financial distress prediction has increasingly become a hot topic. To enhance the predictive performance, this paper includes support vector machines, particle swarm optimization, fuzzy c-means and back propagation artificial neural network into the two-stage modelling process of business failure research. This paper use an empirical research which studies sixty-six failing corporation and sixty-six...
The development of business failure prediction system to prevent the significant loss of social costs caused by the companies' unexpected bankruptcy is a popular investigation issue. Because of the constraint on the statistic assumptions, the forecasting models established by traditional statistic methods have some limits in its identity. Therefore, in recent years various algorithms imitating of...
The main purpose of this paper is to valuate lookback options in uncertain environment. By applying fuzzy set theory, the valuation of fuzzy lookback options is developed. The prices of lookback options are turned into fuzzy numbers. A lookback option has payoffs according on the maximum and minimum of the underlying price actualized during the option's lifetime. This makes financial analysts could...
We present a model to examine factors influencing knowledge acquisition and implementation in inter-firm. The model comprises seven research hypotheses with six constructs, including relational benefits, knowledge acquisition, information exchanges, Dysfunctional conflicts, Shared values, and cycle time. The constructs are measured by well-supported measures in the literature. The hypotheses are tested...
To enhance transport efficiency and service quality, a lot of countries are actively promoting Intelligent Transportation System (ITS) on public transportation today. The transport efficiency and service quality that people concern mostly are less waiting time and the reliability of the system. Dynamic bus information system is one kind of more efficiency transportation service of intelligent transportation...
With rapidly changing and multi-integration of current business environment, enterprises have to face the change of inter-organizational relationship phase in supply chains, and the degree of boundary integration will changed also. Considering of relation-specific assets among firms, enterprises react by different strategic resources paths. As well as the mechanism design combined with the ability...
The studies of financial derivatives such as options are emerging prosperously. The rainbow options which link to two or more underlying assets get more concerns increasingly because of more flexibility to support diversification and more available investment strategies than one-asset options. Nevertheless, imprecise evaluation of input parameters usually results in misestimation of option value....
The underwriters and listed companies have been growing up rapidly in recent years, and the whole offer size has become full-scaled. However, foreign scholars found that pioneer companies have many uncertainties in initial public offerings (IPOs) due to there isn 't any information about offer price and proceeds to refer. When companies want to decide the appropriate offer price and proceeds, they...
The underwriters and listed companies have been growing up rapidly in recent years, and the whole offer size has become full-scaled. However, foreign scholars found that pioneer companies have many uncertainties in Initial Public Offerings (IPOs) due to there isn't any information about offer price and proceeds to refer. When companies want to decide the appropriate offer price and proceeds, they...
In recent years, in order to decrease production costs and improve competitiveness, outsourcing is adopted by many organizations. Furthermore, outsourcing is considered by more than 90 percent of investigated companies as an important part of their overall business strategy to acquire competitive advantage. Many conventional approaches take no proper account of uncertainty into the evaluation of product...
The returns and risks of high-yield bond (HYB) lie between the stocks and Treasury bonds. In view of investment opportunities and the rate of return, the advantages of HYB are both lower risks and higher shares. Therefore, HYB has become one of important components in the portfolios. The purpose of this study is to find evaluation factors and their weights to aid the selection of HYB. The primary...
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