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
, , oraz | 23 wrz 2016
O artykule
Data publikacji: 23 wrz 2016
Zakres stron: 47 - 59
Otrzymano: 16 mar 2016
Przyjęty: 16 cze 2016
DOI: https://doi.org/10.1515/jcbtp-2016-0019
Słowa kluczowe
© 2016 Central Bank of Montenegro
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.
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.