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Dergiler / Uluslararası Yönetim İktisat ve İşletme Dergisi / 2011 / Cilt: 7 - Sayı: 13

Z-SCORE MODELİNİN İFLAS TAHMİN METODU OLARAK KULLANIMI VE KAZAKİSTAN ŞİRKETLERİNE YÖNELİK BİR UYGULAMA

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

Osman ŞAHİN
Aidarkhan ALTEY
Sayfa
289–314
Yayın Tarihi
2011-06-01
DOI
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⚡ TL;DR(1 Cümlede Hızlı Çıkarım)

The model is built based on financial variables which are derived from financial statements of companies listed on Kazakhstan Stock Exchange KASE .

📌 3 Maddede Bu Makale

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Amaç & Hipotez: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.
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Temel Bulgular & Veri:Edward Altman, who developed Z-score model in 1968 for the US companies, which has been extensively used by practitioners.
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Sonuç & Katkı:The model is built based on financial variables which are derived from financial statements of companies listed on Kazakhstan Stock Exchange KASE .
🔬Tür:Modelleme & Sayısal Simülasyon
📍Kapsam:Genişletilmiş Akademik Örneklem
⚙️Değişkenler:İflas Tahmin Modelleri · Altman Z-Score · Kazakistan.

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 .

Abstract

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

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Bu Makaleye Atıf Yap

ŞAHİN, O., ALTEY, A. (2011). Z-SCORE MODELİNİN İFLAS TAHMİN METODU OLARAK KULLANIMI VE KAZAKİSTAN ŞİRKETLERİNE YÖNELİK BİR UYGULAMA. Uluslararası Yönetim İktisat ve İşletme Dergisi, Cilt: 7 - Sayı: 13, 289–314. https://ajindex.com/articles/170322

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Kaynakça (11)

  1. Altey, Aidarkhan(2009), Assessing the Probability of Bankruptcy: Application of Altman‟s Z-Score Model to Kazakhstani Markets, Unpublished MBA Thesis, Scientific Coordinator, Professor, Ph.D., Osman Shahin, Suleyman Demirel University, Kazakhstan. Altman, E. I. (1968), ―Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy‖, Journal of Finance, September, pp.589-609.
  2. Altman, E.I., J. Hatzell and M. Peck (1997), Emerging Market Corporate Bonds: A Scoring System, New York: Salomon Brothers. Reprinted in Emerging Market Capital Flows, edited by R. Levich, Amsterdam: Kluwer Publishing. Altman, E. I. and A. Saunders (1998), ―Credit Risk Measurement: Developments Over the Last 20 Years‖, Journal of Banking and Finance 21, pp.1721–1748.
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  9. Houghton, K. A. and D. R. Woodliff (1987), ―Financial Ratios the Prediction of Corporate Success and Failure‖, Journal of Business Finance and Accounting 14(4) (Winter), pp.537–554.
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