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Strategies & Market Trends : Bankruptcy Predictor Model -- Ignore unavailable to you. Want to Upgrade?

To: Alastair McIntosh who wrote (404)	11/13/1999 1:42:00 PM
From: Razorbak	Read Replies (1) \| Respond to of 477

Shumway's Hazard Model Alastair: Thanks for the link. Interesting article. I always like to be aware of others' research on bankruptcy prediction. Unfortunately, hardly any of these researchers publish an easy-to-use formula. I looked for such a formula in the posted link but did not find one. Perhaps I just skimmed too quickly? Did you see one? Given my line of work as a turnaround practitioner, I really need a practical model that is easy to apply and, more importantly, easy to explain to my clients. In my experience, one of the biggest advantages of Altman Z-score is its usefulness in helping the directors and managers of a troubled company break through denial about their company's real financial health. Because Altman's model is well-established (since 1968), based on extensive academic research, and is still used extensively by Wall Street, it gives my clients independent support of the conclusions and recommendations that I provide them in my role as a consultant. Razor