… To evaluate the performance of the sample companies, this study uses Altman’s Z-score bankruptcy model [5]. Altman's Z is one of the best known statistically-based predictive models …
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Ika, S. R., Nursiningsih, F., Sarnowo, H., & Sahadi. (2021). Financial Performance of Retail Industry Before and After E-Commerce Booming in Indonesia: A Study of Altman Z-Score Model. In Proceedings of the 3rd International Conference on Banking, Accounting, Management and Economics (ICOBAME 2020) (Vol. 169). Atlantis Press. https://doi.org/10.2991/aebmr.k.210311.014