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.
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.
Titolo: | Can Altman Z-Score model predict business failures in non Anglo-Saxon countries? |
Autori: | CELLI, MASSIMILIANO (Corresponding) |
Data di pubblicazione: | 2015 |
Serie: | |
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. |
Handle: | http://hdl.handle.net/11590/291464 |
Appare nelle tipologie: | 4.1 Contributo in Atti di convegno |