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PREDICTIVE ANALYSIS SOFTWARE FOR MODELING THE ALTMAN Z-SCORE FINANCIAL DISTRESS STATUS OF COMPANIES
- Source :
- Annals of the University of Petrosani: Economics, Vol XII, Iss 3, Pp 231-240 (2012)
- Publication Year :
- 2012
- Publisher :
- University of Petrosani, 2012.
-
Abstract
- Literature shows some bankruptcy methods for determining the financial distress status of companies and based on this information we chosen Altman statistical model because it has been used a lot in the past and like that it has become a benchmark for other methods. Based on this financial analysis flowchart, programming software was developed that allows the calculation and determination of the bankruptcy probability for a certain rate of failure Z-score, corresponding to a given interval that is equal to the ratio of the number of bankrupt companies and the total number of companies (bankrupt and healthy) interval.
Details
- Language :
- English
- ISSN :
- 15825949 and 22478620
- Volume :
- XII
- Issue :
- 3
- Database :
- Directory of Open Access Journals
- Journal :
- Annals of the University of Petrosani: Economics
- Publication Type :
- Academic Journal
- Accession number :
- edsdoj.21ad0fcddc034f258bad6981b88c5512
- Document Type :
- article