… We use the version of the model developed by Altman (1983) for private and public … (Altman,
1968) and its extension for private firms, that is, the Z’-Score and Z”-Score models (Altman, …

ACADEMICIANS SEEM to be moving toward the elimination of ratio analysis as an analytical
technique in assessing the performance of the business enterprise. Theorists downgrade …

This paper surveys and discusses numerous studies, both published and unpublished, that
have attempted to construct and test business failure models outside the United States. …

… 1In the prior editions of this book (Altman 1983 and 1993) we used the D&B “failure rate”
definition to explore the macro and micro determinants of failure. Since D&B has discontinued …

17.1 BACKGROUND This chapter discusses two of the venerable models for assessing the
distress of industrial corporations. These are the so-called Z-Score model (1968) and the …

The first full analysis of the latest advances in managing credit risk." Against a backdrop of
radical industry evolution, the authors of Managing Credit Risk: The Next Great Financial …

This study analyzes the comparison between traditional statistical methodologies for distress
classification and prediction, ie, linear discriminant (LDA) or logit analyses, with an artificial …

… ratio, which imputes such factors as the age of the firm and dividend policy as well as its
profitability record over time, was found to be quite helpful in past studies including one, Altman (…

… particular, we are able to estimate the Altman and Sabato model … The UK data set contains
the ratios reported by Altman and … This study builds upon the previous research of Altman and …

In this paper, empirical evidence with respect to both the direct and indirect costs of bankruptcy
is assessed. This should be of interest for three related reasons. First, there is a need to …