Question

corperate failure prediction replicate Appiah 2011

Answer 1

Appiah (2011) did a study on corporate failure prediction on listed firms in Ghana. The

study examined the phenomenon of bankruptcy prediction from a developing economy

perspective using the Altman’s Z-score model. A sample of 15 non-failed and failed companies

listed on the Ghana Stock Exchange, the author tested Altman (1968) model via a cross section

of different firms with dataset with 2004 and 2005. The findings from the study are that Altman’s

Z-score is applicable in predicting bankruptcy in Ghana depending on the nature and size of the

company.

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