Bankruptcy and its Prediction | The Usefulness of the Z-Score Model in determining impending Bankruptcies. This item is unavailable.Bankruptcy and its Prediction | The Usefulness of the Z-Score Model in determining impending Bankruptcies

The mega bankruptcies of Enron and WorldCom caused significant headline news in the global media. Business bankruptcies will always be part of the global economy, although the magnitude may vary from small and insignificant to enormous with considerable consequences. In order to detect and identify impending bankruptcies, there are several methods and financial models available, including: (i) expert systems, (ii) statistical models, and (iii) theoretical models. The book provides a more detailed analysis of the well known Z-Score Model, which uses only five financial ratios to determine the financial health of businesses. The target audience of this book is not limited to certain professions or fields, however is most useful to credit analysts, lenders and investors as well as businesses and its controllers.

Academic studies at the IMC University of Applied Management Sciences (Krems/Austria) with focus on Exportoriented Management and INHOLLAND University (Amsterdam/Netherlands) with focus on International Business and Management. Currently in Debt Capital Markets at Deutsche Bank in New York. Mag. (FH) Stefan Auer, BA