Staff View: The performance of Logit Model versus Altman's Z-score model in predicting bankruptcy of large industrial product firms in Malaysia / Asmahani Nayan and Abd Razak Ahmad

The performance of Logit Model versus Altman's Z-score model in predicting bankruptcy of large industrial product firms in Malaysia / Asmahani Nayan and Abd Razak Ahmad

Most studies on bankruptcy prediction try to classify bankrupt firms from a pool of firms using financial ratios, macroeconomic variables and firms' nonfinancial information. As the financial and non-financial information are mostly collected from the financial statements, published at the end...

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Main Authors:	Nayan, Asmahani, Ahmad, Abd Razak
Format:	Research Reports
Language:	English
Published:	2014
Subjects:	Credit. Debt. Loans Stock price indexes. Stock quotations
Online Access:	https://ir.uitm.edu.my/id/eprint/35053/1/35053.pdf https://ir.uitm.edu.my/id/eprint/35053/
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id	my.uitm.ir.35053
record_format	eprints
spelling	my.uitm.ir.350532021-12-01T03:01:21Z https://ir.uitm.edu.my/id/eprint/35053/ The performance of Logit Model versus Altman's Z-score model in predicting bankruptcy of large industrial product firms in Malaysia / Asmahani Nayan and Abd Razak Ahmad Nayan, Asmahani Ahmad, Abd Razak Credit. Debt. Loans Stock price indexes. Stock quotations Most studies on bankruptcy prediction try to classify bankrupt firms from a pool of firms using financial ratios, macroeconomic variables and firms' nonfinancial information. As the financial and non-financial information are mostly collected from the financial statements, published at the end of the financial years, the information will be obsolete by the time they are being used to measure the financial health of firms. To overcome this problem we propose a hybrid model to include information taken from the stock market price information (SMPI) of the firms to estimate the probability of firms' failure. The aim of the work is to conclude why SMPI is or is not a good contributor to the model and to determine how efficient is the proposed model compared to the z-score model used by commercial banks. 2014-11 Research Reports NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/35053/1/35053.pdf ID35053 Nayan, Asmahani and Ahmad, Abd Razak (2014) The performance of Logit Model versus Altman's Z-score model in predicting bankruptcy of large industrial product firms in Malaysia / Asmahani Nayan and Abd Razak Ahmad. [Research Reports] (Unpublished)
institution	Universiti Teknologi Mara
building	Tun Abdul Razak Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Mara
content_source	UiTM Institutional Repository
url_provider	http://ir.uitm.edu.my/
language	English
topic	Credit. Debt. Loans Stock price indexes. Stock quotations
spellingShingle	Credit. Debt. Loans Stock price indexes. Stock quotations Nayan, Asmahani Ahmad, Abd Razak The performance of Logit Model versus Altman's Z-score model in predicting bankruptcy of large industrial product firms in Malaysia / Asmahani Nayan and Abd Razak Ahmad
description	Most studies on bankruptcy prediction try to classify bankrupt firms from a pool of firms using financial ratios, macroeconomic variables and firms' nonfinancial information. As the financial and non-financial information are mostly collected from the financial statements, published at the end of the financial years, the information will be obsolete by the time they are being used to measure the financial health of firms. To overcome this problem we propose a hybrid model to include information taken from the stock market price information (SMPI) of the firms to estimate the probability of firms' failure. The aim of the work is to conclude why SMPI is or is not a good contributor to the model and to determine how efficient is the proposed model compared to the z-score model used by commercial banks.
format	Research Reports
author	Nayan, Asmahani Ahmad, Abd Razak
author_facet	Nayan, Asmahani Ahmad, Abd Razak
author_sort	Nayan, Asmahani
title	The performance of Logit Model versus Altman's Z-score model in predicting bankruptcy of large industrial product firms in Malaysia / Asmahani Nayan and Abd Razak Ahmad
title_short	The performance of Logit Model versus Altman's Z-score model in predicting bankruptcy of large industrial product firms in Malaysia / Asmahani Nayan and Abd Razak Ahmad
title_full	The performance of Logit Model versus Altman's Z-score model in predicting bankruptcy of large industrial product firms in Malaysia / Asmahani Nayan and Abd Razak Ahmad
title_fullStr	The performance of Logit Model versus Altman's Z-score model in predicting bankruptcy of large industrial product firms in Malaysia / Asmahani Nayan and Abd Razak Ahmad
title_full_unstemmed	The performance of Logit Model versus Altman's Z-score model in predicting bankruptcy of large industrial product firms in Malaysia / Asmahani Nayan and Abd Razak Ahmad
title_sort	performance of logit model versus altman's z-score model in predicting bankruptcy of large industrial product firms in malaysia / asmahani nayan and abd razak ahmad
publishDate	2014
url	https://ir.uitm.edu.my/id/eprint/35053/1/35053.pdf https://ir.uitm.edu.my/id/eprint/35053/
_version_	1718929446347472896
score	13.211869

The performance of Logit Model versus Altman's Z-score model in predicting bankruptcy of large industrial product firms in Malaysia / Asmahani Nayan and Abd Razak Ahmad

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