Project name: A study on application of altman's z-score model in assessing the performance and the possibility of bankrupty of listed enterprises in Viet Nam.
The business environment always contains many volatile factors affecting the investment financing process as well as the business performance of enterprises, especially in the context of strong international economic integration which brings many opportunities and challenges for Vietnamese busines...
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| Format: | Final Year Project |
| Language: | Vietnamese |
| Published: |
2020
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| Online Access: | http://repository.vnu.edu.vn/handle/VNU_123/95378 |
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| Institution: | Vietnam National University, Hanoi |
| Language: | Vietnamese |
| Summary: | The business environment always contains many volatile factors affecting the investment financing process as well as the business performance of enterprises, especially in the context of strong international economic integration which brings many opportunities and challenges for Vietnamese businesses. Therefore, businesses always face positive periods alternating with the negative stages as well as the stage of success and failure in financial trends which always contain unpredictable potential. When a negative period shifts from temporary to structural and chronic(and thus continues over time), the company is often destined to cease. This affects creditors and other stakeholders a lot because businesses are insolvent and unable to pay the amount they owe as originally committed.Therefore, early prediction about the bankruptcy of the company are of prime importance to the various stakeholders of the company as well as the whole society. Bankruptcy prediction is an important task.The first phase of determining the solvency can avoid evils shortly and protect the company from bankruptcy. The bankruptcy of businesses can be predicted using many different research models. However, this study applies the most famous model among the models, Z scores through the application of the sample of manufacturing and non-manufacturing companies of Vietnam from 2015 to 2019 to evaluate the performance of enterprises and predict bankruptcy and case about Saigon Plastic Packaging. The study has found that the Z score model is appropriate and feasible to apply to analyze the performance of Vietnamese enterprises by industries, sectors, and forecast bankruptcy risk of enterprises. |
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