“Application of Altman Z Score Model on Selected Indian Companies to Predict Bankruptcy”
Journal Title: International Journal of Business and Management Invention - Year 2019, Vol 8, Issue 1
Abstract
The Altman Z score is used to predict bankruptcy of companies two years prior to the happening of the event. The main objective of this paper is to check the efficiency of this model in predicting bankruptcy of Indian companies three years prior to the occurring of the event. Seven companies have been selected to check the efficiency and accuracy of this model. As per this model, bankruptcy of these companies could be predicted three years prior to the occurring of the event in India. In conclusion, Altman Z score can be applied for Indian companies; however the same is not 100% accurate.
Authors and Affiliations
Apoorva D. V, Sneha Prasad Curpod, Namratha M
Keywords
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