Target article is performance representation of basic arguments and of foundations Model Altmana. He include models adapted through Polish authors Gajdki and Stosa, and Hołdy to Polish conditionses of economy and possibilities their uses under them conditionses.
The classical tool of bankruptcy prediction is the multivariate discriminant Altman model. The aim of this paper is to present a proposal for the use of structural equation modelling (SEM) to select financial indicators for an Altman-type bankruptcy prediction model. Financial factors, as diagnostic variables in bankruptcy prediction models, are not in fact directly measurable variables, and they...
In this article is presented usefulness of Altman's model to Polish companies. There are presented choice of companies, choice of financial ratios creating discriminating function. Also in this work is presented usefulness of Altman's model to describe of view of Polish companies quoted at Warsaw Stock Exchange.
Financed by the National Centre for Research and Development under grant No. SP/I/1/77065/10 by the strategic scientific research and experimental development program:
SYNAT - “Interdisciplinary System for Interactive Scientific and Scientific-Technical Information”.