Multi-agent hybrid mechanism for financial risk management

Abstract

Purpose: The goal of this study was to propose the multi-agent mechanism to forecast the corporate financial distress.Design/methodology/approach: This study utilized numerous methods, namely random subspace method, discriminant analysis and decision tree to construct the multi-agent forecasting model.Findings and Originality/value: The study shows a superior forecasting performance.Originality/value: The use of multi-agent model to predict the corporate financial distress.

Keywords

• hybrid model, multi-agent mechanism, financial distress, intangible assets, risk management