面向中小企业和大型企业财务绩效管理的预测性人工智能

Ricardo Cuervo
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摘要

财务绩效管理是企业管理的核心,历来依赖于财务比率分析,使用资产负债表和损益表数据来评估公司与竞争对手的业绩。在预测一家公司的表现或评估财务表现不佳的风险(概率)方面几乎没有取得进展。在本研究中,我引入了一套新的财务和宏观经济比率,以补充资产负债表和损益表的标准比率。我还提供了一套监督学习模型(MLRegressors和Neural Networks)和贝叶斯模型来预测公司绩效。我的结论是,当与标准行业比率一起使用时,新提出的变量提高了模型的准确性。我还得出结论,前馈神经网络(FNN)更容易实现,并且在6个预测任务(ROA, ROE,净利润率,营运利润率,现金比率和营运现金生成)中表现最佳;尽管贝叶斯网络(BN)在非常特定的条件下可以胜过FNN。除了预测(期望)值之外,bp还有一个额外的好处,即提供一个概率密度函数。研究结果具有重要的潜力,可以帮助首席财务官和首席执行官评估财务表现不佳的风险,从而引导公司向更有利可图的方向发展;支持贷款机构更好地评估公司状况,并为投资者提供更准确地分析上市公司财务报表的工具。
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Predictive AI for SME and Large Enterprise Financial Performance Management
Financial performance management is at the core of business management and has historically relied on financial ratio analysis using Balance Sheet and Income Statement data to assess company performance as compared with competitors. Little progress has been made in predicting how a company will perform or in assessing the risks (probabilities) of financial underperformance. In this study I introduce a new set of financial and macroeconomic ratios that supplement standard ratios of Balance Sheet and Income Statement. I also provide a set of supervised learning models (ML Regressors and Neural Networks) and Bayesian models to predict company performance. I conclude that the new proposed variables improve model accuracy when used in tandem with standard industry ratios. I also conclude that Feedforward Neural Networks (FNN) are simpler to implement and perform best across 6 predictive tasks (ROA, ROE, Net Margin, Op Margin, Cash Ratio and Op Cash Generation); although Bayesian Networks (BN) can outperform FNN under very specific conditions. BNs have the additional benefit of providing a probability density function in addition to the predicted (expected) value. The study findings have significant potential helping CFOs and CEOs assess risks of financial underperformance to steer companies in more profitable directions; supporting lenders in better assessing the condition of a company and providing investors with tools to dissect financial statements of public companies more accurately.
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