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Beaver, W. (1967). Financial ratios predictors of failure, Empirical research in accounting: selected
studies 1966. Journal of Accounting Research, 4, 71111.
Grice, G. S., & Dugan, M. T. (2001). The Limitations of Bankruptcy Prediction Models: Some Cautions
for Researcher. Review of Quantitative Finance and Accounting, 17, 151-166.
Haber, J. (2006). THEORETICAL DEVELOPMENT OF BANKRUPTCY, PREDICTION
VARIABLES. The Journal of Theoretical Accounting Research, 2, 82-101
Kennedy, J., & Eberhart, R. C. ( 1995). Particle Swarm Optimization. Proceedings of IEEE
International Conference on Neural Networks, Piscataway, NJ. 1942-1948,.

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Rajabioun, R. (2011). Cuckoo Optimization Algorithm. Applied Soft Computing, 11( 8), 55085518.

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Abstract
In variant economic condition and volatility in the business environment, financial decisions are
more strategic than ever before and are always associated with risk and uncertainty. Hence, one way of
helping investors, in order to present information to their, is providing appropriate models to predict
the prospects of the company. This study, using data mining approach and Participle Swarm
Optimization and Cuckoo algorithm predict bankruptcy of companies in the Tehran Stock Exchange.
In the first step, 42 variables were selected based on previous research as proposals variables. After
selecting the sample companies, historical data were collected for one and two years ago. Then using
Participle Swarm Optimization 11 optimal variables algorithm were selected for entry into the model.
Subsequently, the research model was constructed using the Cuckoo algorithm. The results indicate
that this algorithm can predict company's bankruptcy with accuracy equal to 98.23%.

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