PREDICTING FINANCIAL DISTRESS OF COMPANIES: REVISITING THE Z-SCORE AND ZETA ® MODELS

785 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Strategic Ownership Structure and the Cost of Debt (2012, methodology): “Next, we empirically proxy the project return distribution function (related to the liquidity default risk) by Altman’sZ-score (Altman 1968, 2000), which is negatively associated with default risk and is frequently used in the literature.19 We also use an indicator for investment-grade credit…”
Does PCAOB Inspection Access Improve Audit Quality? An Examination of Foreign Firms Listed in the United States (2016, background): “the Altman (2000) probability of bankruptcy score (Fargher and Jiang, 2008).”
Environmental regulation and the cost of bank loans: International evidence (2020, methodology): “In the next step, following Altman (2000), we use modified Altman Z-score to examine whether the stringency of environmental regulation affects firms’ bankruptcy risk.”
Incentives for Tax Planning and Avoidance: Evidence from the Field (2014, methodology): “Z Score is the bankruptcy score from Altman (1968 and 2000).”