<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The corporate governance quality has always been a decision criterion for investments, many recent studies trying to define metrics in order to help investors in their decision process. In this paper we investigate whether the clustering of companies’ information concerning their corporate governance politics and financial information could be mapped with the help of clustering. Our approach is to build clusters using machine learning techniques, based on corporate governance and financial variables from a number of 1400 listed companies. We evaluate the obtained clusters by matching them with the classes of two well-known indicators (Tobin’s Q and Altman Z-score), used to estimate the companies’ performance. We obtain partial matches of the benchmark variables and we compare the performances of the used algorithms.</p></abstract>

The corporate governance quality has always been a decision criterion for investments, many recent studies trying to define metrics in order to help investors in their decision process. In this paper we investigate whether the clustering of companies’ information concerning their corporate governance politics and financial information could be mapped with the help of clustering. Our approach is to build clusters using machine learning techniques, based on corporate governance and financial variables from a number of 1400 listed companies. We evaluate the obtained clusters by matching them with the classes of two well-known indicators (Tobin’s Q and Altman Z-score), used to estimate the companies’ performance. We obtain partial matches of the benchmark variables and we compare the performances of the used algorithms.

A Clustering Of Listed Companies Considering Corporate Governance And Financial Variables

”Babeş-Bolyai” University, Cluj-Napoca, Romania

International conference KNOWLEDGE-BASED ORGANIZATION

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The corporate governance quality has always been a decision criterion for investments, many recent studies trying to define metrics in order to help investors...

A Clustering Of Listed Companies Considering Corporate Governance And Financial Variables

Publicado en línea: 24 nov 2015

Páginas: 338 - 343

DOI: https://doi.org/10.1515/kbo-2015-0056

Palabras clave
corporate governance, clustering, Tobin’s Q, Altman Z-Score, machine learning

© 2015 Darie Moldovan et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

A Clustering Of Listed Companies Considering Corporate Governance And Financial Variables

Publicado en línea: 24 nov 2015

Páginas: 338 - 343

DOI: https://doi.org/10.1515/kbo-2015-0056

Palabras clavecorporate governance, clustering, Tobin’s Q, Altman Z-Score, machine learning

© 2015 Darie Moldovan et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Palabras clave
corporate governance, clustering, Tobin’s Q, Altman Z-Score, machine learning