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.
Related projects:	Comparing Financial Markets Development in the Czech Republic and EU-Countries