IDEAS home Printed from https://ideas.repec.org/a/aic/jopafl/y2012v1p33-42.html
   My bibliography  Save this article

Controversies Regarding The Utilization Of Altman Model In Romania

Author

Listed:
  • Mihaela ONOFREI

    (Alexandru Ioan Cuza University of Iasi Faculty of Economics and Business Administration, onofrei@uaic.ro, Iasi, Romania,)

  • Dan LUPU

    (Alexandru Ioan Cuza University of Iasi Faculty of Economics and Business Administration, danlupu20052000@yahoo.com, Iasi, Romania,)

Abstract

Altman model was built for U.S. companies, based on the characteristics of that economy. Promising results were obtained in other countries such as Britain, Australia, Canada, Finland, Germany, Israel, Norway, India, South Korea; the percentage is over 80% predictability. However, as can be seen, they have an Anglo-Saxon legal system and also the economic environment is highly developed. While there is no reason why this model can be applied to companies in the whole world, we recognize that each has its own peculiarities economic environment, therefore, local models forecast could be better than American models, at least in their testing phase. But the utilization of Altman model is suitable for the Romanian economy? Taking this into account, the purpose of this paper is to test the Altman model on the Romanian market.

Suggested Citation

  • Mihaela ONOFREI & Dan LUPU, 2012. "Controversies Regarding The Utilization Of Altman Model In Romania," Journal of Public Administration, Finance and Law, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 1(1), pages 33-42, June.
    • Handle: RePEc:aic:jopafl:y:2012:v:1:p:33-42
    as

    Download full text from publisher

    File URL: http://www.jopafl.com/uploads/CONTROVERSIES-REGARDING-THE-UTILIZATION-OF-ALTMAN-MODEL-IN-ROMANIA.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aic:jopafl:y:2012:v:1:p:33-42. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sireteanu Napoleon-Alexandru (email available below). General contact details of provider: https://edirc.repec.org/data/feaicro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.