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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2011

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

10

Strana od-do

495-504

Název nakladatele

IBIMA Publishing

Místo vydání

USA

Místo konání akce

Milan, Italy

Datum konání akce

14. 11. 2011

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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