Influence of Market Values of Enterprise on Objectivity of the Altman Z-Model in the Period 2006-2012: Case of the Republic of Macedonia and Republic of Serbia

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 movement for the period of six years in the Republics of Macedonia and Serbia. Research focuses determining the influence of the market value of companies and if it could be related to potential bankruptcy of companies at specific markets.

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Year of publication:	2016
Authors:	Postolov, Kiril ; Milenkovic, Ivan ; Milenkovic, Dragana ; Iliev, Aleksandra Janeska
Published in:	Journal of Central Banking Theory and Practice. - Warsaw : De Gruyter Open, ISSN 2336-9205. - Vol. 5.2016, 3, p. 47-59
Publisher:	Warsaw : De Gruyter Open
Subject:	Altman’s Z \| financial distress \| bankruptcy.

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1515/jcbtp-2016-0019 [DOI] hdl:10419/217601 [Handle] RePEc:cbk:journl:v:5:y:2016:i:3:p:47-59 [RePEc]
Classification:	G01 - Financial Crises
Source:	EconStor

Persistent link: https://www.econbiz.de/10012217836