Postolov, Kiril; Milenkovic, Ivan; Milenkovic, Dragana; … - In: Journal of Central Banking Theory and Practice 5 (2016) 3, pp. 47-59
The Altman’s model is a multiple discriminant analysis bankruptcy model that uses ordinarily accepted criteria that may provide a useful decision rule to predict financial distress in firms. In this research, we outline the construction and interpretation of the Z-Score influenced by the stock...