Predicting Corporate Bankruptcy Using Altman Z’-Score and Ratio Analysis in The Manufacturing Sector: Evidence from The Italian Case
Research in Financial Markets, Regulation, and Corporate Finance in a Changing Landscape: 40FIN 2022
Altman Z-score has been subjected to many revisions over the years. However, it is not free from criticalities and practical inefficiencies, especially in relation to the financial ratios which characterize the basic structure of the Score itself. The purposes of this study are to verify…