A Five-Year-Ahead Bankruptcy Prediction: the Case of Tehran Stock Exchange

This study predicts corporate bankruptcy five years before its occurrence using financial ratios introduced in Altman’s z-score model and current ratio. Three estimation methods namely; liner probability, Logit and Probit models have chosen for model estimation. The sample contains 134 companies in...

Full description

Bibliographic Details
Main Authors: Hossein Panahi, Ahmad Asadzadeh, Alireza Jalili Marand
Format: Article
Language:fas
Published: University of Tehran 2014-03-01
Series:تحقیقات مالی
Subjects:
Online Access:https://jfr.ut.ac.ir/article_51840_fd1445706a01bf55dd499000531507bc.pdf