Do you Believe an Altman or Modified Altman Algorithm would beEffective as a Component of a Management Performance MeasurementSystem? How so?

摘要

Calandro [1] stated that Altman’s Z-score could be a good source for analyzing financial performance of an organization by testing its distress level. The Z-score model has been accepted as a financial distress model for almost four decades, leading in areas such as credit risk analysis, merger and acquisition target analysis, and turnaround management [1].