Volume : VI, Issue : IV, April - 2017

A Descriptive Study of Altman’s Z Score Model in Bankruptcy Prediction

Syed Jaffer, Dr Badiuddin Ahmed

Abstract :

 Many Business undertaking works for the purpose of profit objective. Their financial soundness is of most importance to its stakeholders. What will be the  future of the business ,whether it will flourish or will become bankrupt, has caught the attention of the various researchers around the globe and has led to the development of many theories. To be able  to  predict  the  financial  soundness  of  a  business  has  led  to  many  research  works. Financial ratios are a key indicator of financial soundness of a business. Financial ratios are the tools to determine the operational & financial efficiency of business enterprises. There are  a large number of ratios propounded by many authors.  Altman developed a z-score model for predicting bankruptcy using  ratios  as  the base. Using Z-  Score model, Altman  could  predict 

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Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

Syed Jaffer, Dr Badiuddin Ahmed, A Descriptive Study of Altman¥s Z Score Model in Bankruptcy Prediction, GLOBAL JOURNAL FOR RESEARCH ANALYSIS : Volume-6, Issue-4, April‾2017

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