The Altman's Z-Score Model - Comparing the model parameters of czech companies with the original Altman's study results

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F11%3A43899328" target="_blank" >RIV/49777513:23510/11:43899328 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The Altman's Z-Score Model - Comparing the model parameters of czech companies with the original Altman's study results
Original language description
Many economists and analysts from all over the world have been trying to find a method to assess company health and predict its eventual financial distress for many years. The best-known model of prediction called Z-Score was introduced by E.I. Altman inthe USA more than forty years ago, in 1968. This model was modified several times. The Z-Score model was verified not only by the author but also by other analysts many times. Some analysts criticize that the model doesn't give correct results. Above all,it is not able to detect the coming crisis within a sufficient time period.The aim of this article is to evaluate whether the Altman's Model provides correct results, when applying to Czech firms, and comparing our results with the original Altman's study results. At the same time it will be effort to analyse the values of ratios which are contained in the Altman's model - comparing ratio values of the original Altman's company sample with ratio values of Czech companies.
Czech name
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Czech description
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Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Creating Global Competitive Economies - Proceedings of The 17th International Business Information Management Association Conference
ISBN
978-0-9821489-6-9
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
495-504
Publisher name
IBIMA Publishing
Place of publication
USA
Event location
Milan, Italy
Event date
Nov 14, 2011
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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