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Bankruptcy and its Prediction. Edition No. 1
VDM Publishing House, Jan 2009, Pages: 116
The mega bankruptcies of Enron and WorldCom caused
significant headline news in the global media.
Business bankruptcies will always be part of the
global economy, although the magnitude may vary from
small and insignificant to enormous with considerable
consequences. In order to detect and identify
impending bankruptcies, there are several methods and
financial models available, including: (i) expert
systems, (ii) statistical models, and (iii)
theoretical models. The book provides a more detailed
analysis of the well known Z-Score Model, which uses
only five financial ratios to determine the
financial health of businesses. The target audience
of this book is not limited to certain professions
or fields, however is most useful to credit
analysts, lenders and investors as well as
businesses and its controllers.
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