The Altman’s Z-score model was developed in 1968 for assessing the distress of industrial corporations listed on the US stock market. This paper analyses whether Z-score can correctly predict business failures in non US stock markets (and, more in general, Anglo-Saxon) in today’s context. To this aim, we analyse the theoretical and practical characteristics of the original Z-score model and highlight some of its potential shortcomings, specifically focusing on its critical aspects.
|Titolo:||Can Altman Z-Score model predict business failures in non Anglo-Saxon countries?|
CELLI, MASSIMILIANO (Corresponding)
|Data di pubblicazione:||2015|
|Citazione:||Celli, M. (2015). Can Altman Z-Score model predict business failures in non Anglo-Saxon countries?. In Proceedings of the 20th IAMB Conference, Istanbul, Turkey October 21-22, 2015.|
|Appare nelle tipologie:||4.1 Contributo in Atti di convegno|