Εφαρμογή μοντέλων πιστοληπτικής ικανότητας και πρόβλεψης πτώχευσης στις οικονομικές καταστάσεις ελληνικών επιχειρήσεων
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Abstract
Initially, in this dissertation, the banking system is analyzed, the ways in which banks draw liquidity and the concept of economic cycles is introduced. Recent data on the Greek economy are also reported, in order for the reader to understand the importance of credit analysis and bankruptcy forecasting for the period we are going through. Then, the banking regulations and the ways to control the creditworthiness of financial institutions are mentioned.
The next two chapters provide an extensive account of corporate creditworthiness analysis methods, the most important creditworthiness analysis models, as well as bankruptcy prediction models that have been used successfully in the past and continue to apply today.
Following the presentation and analysis of the models, the bankruptcy prediction models Altman Z-Score (1968), Altman Z '-Score (1983) and Z' '' -Score (1995) were selected based on specific criteria, in order to examine the predictive effectiveness. using the financial statements of Greek companies. Finally, the results and conclusions of the research are presented.