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Using Altman's Z-Score model to predict the financial hardship of firms listed in the trading services sector of Bursa Malaysia

Mohammed , Ali Abusalah Elmabrok and Ng , Kim Soon (2013) Using Altman's Z-Score model to predict the financial hardship of firms listed in the trading services sector of Bursa Malaysia. In: 1st FPTP Postgraduate Seminar 2013, 23 December 2013, Fakulti Pengurusan Teknologi dan Perniagaan, UTHM .

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Abstract

This study uses Edward Altman’s financial distress prediction model to predict the financial hardship of firms listed In trading services sector at the Stock Exchange of Malaysia. The population of this study is composed of 28 selected firms listed under a trading services sector of the Malaysian Stock Exchange. The secondary data for assessment were obtained from the financial report of these Companies. This research work has found that there are financial distressed companies listed on the main board and are not classified as PN17 company. This study concluded that Edward Altman model is a useful tool for investors to predict financial failure of firms.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: bursa; statistical models; troubled firms; markets and finance
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Technology Management and Business > Department of Technology Management
Depositing User: Normajihan Abd. Rahman
Date Deposited: 02 Sep 2014 07:39
Last Modified: 02 Sep 2014 07:39
URI: http://eprints.uthm.edu.my/id/eprint/5770
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