International Research Journal of Commerce , Arts and Science

 ( Online- ISSN 2319 - 9202 )     New DOI : 10.32804/CASIRJ

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THE PREDICTION OF BANKRUPTCY IN THE POWER AND STEEL SECTORS IN INDIA

    3 Author(s):  DAVID PINTO, SNIGDHA S NAIR, AKASHVIMAL

Vol -  9, Issue- 1 ,         Page(s) : 259 - 269  (2018 ) DOI : https://doi.org/10.32804/CASIRJ

Abstract

We have studied the ability of mathematical formulas namely Altman’s Z-Score and Ohlson’s O-Score to predict bankruptcy within a period of two years from the date of which the formula is tested. With this we use historical data to predict current scenarios and offer investors and loan officers a method to predict the possibility of default for any corporate.We have also provided suggestions to tailor the formula to the Indian market.

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