Application and comparison of Altman models to predict financial failure of companies
Joint Authors
Hawas, Abd al-Razzaq
Bin Hamid, Abd al-Ghani
Source
Afaq Review of Research and Studies
Issue
Vol. 4, Issue 2 (31 Jul. 2021), pp.52-67, 16 p.
Publisher
Publication Date
2021-07-31
Country of Publication
Algeria
No. of Pages
16
Main Subjects
Topics
Abstract EN
This research paper aimed to conduct a comparative analytical study between the original Altman model and his second revised model in predicting financial failure of companies.
The study concluded that there is a difference in the results of applying Altman's models to predict financial failure, but the second revised Altman model is considered the best in predicting failure.
Joint stock companies listed on the Amman Stock Exchange during the three years prior to the event of liquidation and failure, with a rating accuracy of 86.
67% compared to Altman's original.
American Psychological Association (APA)
Bin Hamid, Abd al-Ghani& Hawas, Abd al-Razzaq. 2021. Application and comparison of Altman models to predict financial failure of companies. Afaq Review of Research and Studies،Vol. 4, no. 2, pp.52-67.
https://search.emarefa.net/detail/BIM-1434124
Modern Language Association (MLA)
Bin Hamid, Abd al-Ghani& Hawas, Abd al-Razzaq. Application and comparison of Altman models to predict financial failure of companies. Afaq Review of Research and Studies Vol. 4, no. 2 (Jul. 2021), pp.52-67.
https://search.emarefa.net/detail/BIM-1434124
American Medical Association (AMA)
Bin Hamid, Abd al-Ghani& Hawas, Abd al-Razzaq. Application and comparison of Altman models to predict financial failure of companies. Afaq Review of Research and Studies. 2021. Vol. 4, no. 2, pp.52-67.
https://search.emarefa.net/detail/BIM-1434124
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1434124
