engleski

Performance Prediction Model for Listing Companies

More than 40 years economists, both academicians and practitioners, are trying to generate optimal models that are able to predict corporate performance, financial distress or stock price movements. One of the famous models is Altman's Z-score, originally made in 1968 and revisited in 1995 to make it applicable for private companies, non-manufacturing companies and emerging markets companies. However, the capital markets functions and ideal structure of balance sheet, upon which Altman constructed his model, have changed over time. According to this, the aim of this paper is to construct performance prediction model for listing companies, taking into account changed circumstances and specificities of capital markets and company's financial statements.

corporate performance; prediction models; capital markets

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