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Application of Altman Z-score Model in Credit Risk Assessment of Light Industry in China

In: Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)

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  • Xinyi Xu

    (University of Southampton, Southampton Business School)

Abstract

This article uses the method of empirical analysis to analyze the credit risk of more than 20 light industrial enterprises listed in China, the United Kingdom, and the United States, with the data of their working capital, earnings before interest and tax, retained earnings, the market value of equity, total assets, total liabilities, and sales. The article uses the Altman Z-score model, comparing and analyzing the Z value changes of light industrial enterprises in three countries. This paper also provides some suggestions for the development of Chinese light industrial enterprises, and fills the gap in the combination of the light industrial enterprises and the risk assessment through the Altman Z-score model.

Suggested Citation

  • Xinyi Xu, 2023. "Application of Altman Z-score Model in Credit Risk Assessment of Light Industry in China," Advances in Economics, Business and Management Research, in: Vilas Gaikar & Min Hou & Sikandar Ali Qalati (ed.), Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022), pages 91-100, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-054-1_12
    DOI: 10.2991/978-94-6463-054-1_12
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