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- Title
The Z-Score Model for Predicting Periods of Financial Instability. Z-Score Estimation for the Banks Listed on Bucharest Stock Exchange.
- Authors
Badea, Irina -. Raluca; Matei, Gheorghe
- Abstract
Financial stability is an ongoing concern for practitioners, policy makers, but also for banks, especially in terms of quantifying it. Therefore, this paper consists of a theoretical approach in conjunction with an applicative study based on an alternative measure of financial stability, namely the Z-score model proposed by Altman. The Z-score model, although originally designed for manufacturing companies, has been repeatedly adjusted, depending on the activity of the company which applies the model and the development of the operating market. Thus, from a sample of banks listed on the Bucharest Stock Exchange, we determined the Z-score function for the period 2012-2014, outlining the evolution of their financial stability according to the classification results.
- Subjects
BANKING industry finance; STOCK exchanges; MANUFACTURING industries
- Publication
Finance: Challenges of the Future, 2016, Vol 16, Issue 18, p24
- ISSN
1583-3712
- Publication type
Article