Publication details

VARIANTY ALTMANOVA MODELU A MANIPULACE JEHO VYPOVÍDACÍ SCHOPNOSTI

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Title in English VARIANTS OF ALTMAN MODEL
Authors

KALOUDA Frantiek

Year of publication 2004
Type Article in Proceedings
Conference Management, Economics and Business Development in thr New European Conditions
MU Faculty or unit

Faculty of Economics and Administration

Citation
Field Economy
Keywords proof of hypothesis; new variant of Altman model (variant Ltd.); less sensitive; manipulations of input data; EBIT; original Z-function (variant Inc.); exact proof; exploitation of mathematical apparatus; first (partial) derivative of the function
Description The contribution is dedicated to a proof of hypothesis, that the new variant of Altman model (variant Ltd.) is less sensitive to eventual manipulations of input data (explicitly to manipulations of variable EBIT) than original Z-function (variant Inc.). These sensitivities are exactly defined with exploitation of mathematical apparatus for analysis of behaviour of the function, in particular with exploitation of a first-order (partial) derivative of the function.
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