THE THEORETICAL BASIS FOR PREDICTING BANKRUPTCY USING THE ALTMAN BANKRUPTCY MODEL IN THE CONDITIONS OF THE SLOVAK REPUBLIC

Jan Chutka and George H. Popescu

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2019, vol. 13, issue 1, 996-1000

Abstract: In today's world of deepening globalization, especially in business, it is very important to be able to analyse the financial situation and to be more or less likely to be able to predict possible bankruptcy. Bankruptcy models are systems of financial indicators and can be seen as a tool for more advanced financial analysis, which is nowadays a necessary part of every competitive and prosperous enterprise. The paper is aimed at summarizing knowledge about bankruptcy prediction through Altman's bankruptcy models in conditions of the Slovak Republic. In our contribution, we focused on knowledge summarization of Altman´s model, in detail to calculation of individual approaches and especially the possibility of using this model in the conditions of the Slovak Republic.

Keywords: Financial analysis; Altman bankruptcy model; bankruptcy. (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:13:y:2019:i:1:p:996-1000

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