What indicators should be used on assessment of small and medium companies bankruptcies? for example: using balance score card indicator can be complicated, or using just financials indicator would misleading the results.
Dear Aurino RA Djamaris
Greetings,
Please, find the attached file about the measures of enterprises of bankruptcy.
Best Regards,
Greetings to you
The reasons may be divided into three 1) as identified in neo classical approach 2) financial and 3) corporate governance.
You can identify various indicators that can measured for all the three reasons then assess bankruptcy. This will give clarity as to what is the reason that is causing bankruptcy.
Best
Hi,
Perhaps you may benefit from this paper:
J Almamy, J Aston, L Ngwa, "An evaluation of Altman's Z score using cash flow ratio to predict corporate failure amid the recent financial crisis: Evidence from the UK", Journal of Corporate Finance, 2016, 36, p 278 -285.
Best regards.
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