Bankruptcy and its Prediction

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.

Autorentext
Academic studies at the IMC University of Applied Management Sciences (Krems/Austria) with focus on Exportoriented Management and INHOLLAND University (Amsterdam/Netherlands) with focus on International Business and Management. Currently in Debt Capital Markets at Deutsche Bank in New York. Mag. (FH) Stefan Auer, BA

Klappentext
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.