A revision of Altman z-score model in financial distress prediction of listed companies in Vietnam
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/143056 |
Resumo: | The primary purpose of this report is to evaluate and improve the accuracy of Altman's Z-score model in financial distress prediction of listed companies in Vietnam. Identifying new cut off scores to the prediction models is necessary to adapt to the characteristics of the Vietnamese market. The study implements multiple discriminant analysis as a crucial methodology to calibrate the Z-score model with 51 forced delisted companies and 51 non-delisted companies. The Z new model achieves a one-year accuracy rate of 91.58% in forecasting financial distress for Vietnamese companies. The study shows that the superiority of the Altman Z-score model in financial distress prediction is not in the Z-score but in the methodology in which the model is built and put into practice. |
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A revision of Altman z-score model in financial distress prediction of listed companies in VietnamFinancial distressAltman z score modelFinancial ratiosMultiple discriminant analysisPrediction modelVietnamDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe primary purpose of this report is to evaluate and improve the accuracy of Altman's Z-score model in financial distress prediction of listed companies in Vietnam. Identifying new cut off scores to the prediction models is necessary to adapt to the characteristics of the Vietnamese market. The study implements multiple discriminant analysis as a crucial methodology to calibrate the Z-score model with 51 forced delisted companies and 51 non-delisted companies. The Z new model achieves a one-year accuracy rate of 91.58% in forecasting financial distress for Vietnamese companies. The study shows that the superiority of the Altman Z-score model in financial distress prediction is not in the Z-score but in the methodology in which the model is built and put into practice.Demirci, IremRUNTran, Duc Anh2022-08-17T08:24:13Z2022-01-212021-12-082022-01-21T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/143056TID:203020910enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:21:05Zoai:run.unl.pt:10362/143056Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:50:39.115246Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
A revision of Altman z-score model in financial distress prediction of listed companies in Vietnam |
title |
A revision of Altman z-score model in financial distress prediction of listed companies in Vietnam |
spellingShingle |
A revision of Altman z-score model in financial distress prediction of listed companies in Vietnam Tran, Duc Anh Financial distress Altman z score model Financial ratios Multiple discriminant analysis Prediction model Vietnam Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
A revision of Altman z-score model in financial distress prediction of listed companies in Vietnam |
title_full |
A revision of Altman z-score model in financial distress prediction of listed companies in Vietnam |
title_fullStr |
A revision of Altman z-score model in financial distress prediction of listed companies in Vietnam |
title_full_unstemmed |
A revision of Altman z-score model in financial distress prediction of listed companies in Vietnam |
title_sort |
A revision of Altman z-score model in financial distress prediction of listed companies in Vietnam |
author |
Tran, Duc Anh |
author_facet |
Tran, Duc Anh |
author_role |
author |
dc.contributor.none.fl_str_mv |
Demirci, Irem RUN |
dc.contributor.author.fl_str_mv |
Tran, Duc Anh |
dc.subject.por.fl_str_mv |
Financial distress Altman z score model Financial ratios Multiple discriminant analysis Prediction model Vietnam Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Financial distress Altman z score model Financial ratios Multiple discriminant analysis Prediction model Vietnam Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
The primary purpose of this report is to evaluate and improve the accuracy of Altman's Z-score model in financial distress prediction of listed companies in Vietnam. Identifying new cut off scores to the prediction models is necessary to adapt to the characteristics of the Vietnamese market. The study implements multiple discriminant analysis as a crucial methodology to calibrate the Z-score model with 51 forced delisted companies and 51 non-delisted companies. The Z new model achieves a one-year accuracy rate of 91.58% in forecasting financial distress for Vietnamese companies. The study shows that the superiority of the Altman Z-score model in financial distress prediction is not in the Z-score but in the methodology in which the model is built and put into practice. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-12-08 2022-08-17T08:24:13Z 2022-01-21 2022-01-21T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/143056 TID:203020910 |
url |
http://hdl.handle.net/10362/143056 |
identifier_str_mv |
TID:203020910 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799138102706438144 |