THE USAGE OF Z-SCORE MODEL AS BANKRUPTCY  PREDICTION MODEL AND AN APLICATION TO COMPANIES  OF KAZAKHSTAN

Osman ŞAHİN; Aidarkhan ALTEY

Makale detayları

THE USAGE OF Z-SCORE MODEL AS BANKRUPTCY PREDICTION MODEL AND AN APLICATION TO COMPANIES OF KAZAKHSTAN

Yazarlar:

Osman ŞAHİN | Aidarkhan ALTEY

Yayıncı:

Zonguldak Bulent Ecevit University

Dergi:

International Journal of Management Economics and Business 2011 Vol.7 Issue 13, pp.289-314

Belge Tipi:

Makale

Yayın Tarihi:

5/2011

Belge Dili:

İngilizce

Document ID (Org No.):

2000668598

Sıklık:

Üç Aylık

eISSN:

2147-9194

pISSN:

2147-9208

Özet:

 

Corporate bankruptcy is a subject of extensive research, and since 1960‟s a number of models were developed to predict failures in the real world. The most prominent research was done by Dr. Edward Altman, who developed Z-score model in 1968 for the US companies, which has been extensively used by practitioners. In this model a set of financial ratios specific to a company are analyzed in order to give a judgment on the company‟s likelihood to go bankrupt. The goal of this paper is to see the efficiency of Altman‟s bankruptcy prediction model to Kazakhstan market. The model is built based on financial variables which are derived from financial statements of companies listed on Kazakhstan Stock Exchange  KASE.

 

Corporate bankruptcy is a subject of extensive research, and since 1960’s a number of models were developed to predict failures in the real world. The most prominent research was done by Dr. Edward Altman, who developed Z-score model in 1968 for the US companies, which has been extensively used by practitioners. In this model a set of financial ratios specific to a company are analyzed in order to give a judgment on the company’s likelihood to go bankrupt. The goal of this paper is to see the efficiency of Altman’s bankruptcy prediction model to Kazakhstan market. The model is built based on financial variables which are derived from financial statements of companies listed on Kazakhstan Stock Exchange  KASE .

Makale detayları

THE USAGE OF Z-SCORE MODEL AS BANKRUPTCY PREDICTION MODEL AND AN APLICATION TO COMPANIES OF KAZAKHSTAN

Yazarlar: Osman ŞAHİN | Aidarkhan ALTEY

Yayıncı: Zonguldak Bulent Ecevit University

Dergi: International Journal of Management Economics and Business 2011 Vol.7 Issue 13, pp.289-314

Belge Tipi: Makale

Yayın Tarihi: 5/2011

Belge Dili: İngilizce

Document ID (Org No.): 2000668598

Sıklık: Üç Aylık

eISSN: 2147-9194

pISSN: 2147-9208

Sayı

Yazarlar:

Osman ŞAHİN | Aidarkhan ALTEY

Yayıncı:

Zonguldak Bulent Ecevit University

Dergi:

International Journal of Management Economics and Business 2011 Vol.7 Issue 13, pp.289-314

Belge Tipi:

Makale

Yayın Tarihi:

5/2011

Belge Dili:

İngilizce

Document ID (Org No.):

2000668598

Sıklık:

Üç Aylık

eISSN:

2147-9194

pISSN:

2147-9208