بررسي توانايي مدل هاي پيش بيني ورشكستگي آلتمن و اهلسون در پيش بيني ورشكستگي شركت هاي پذيرفته شده در بورس اوراق بهادار

Review of the prediction power of Altman and Ohlson Models in predicting bankruptcy of Listed Companies in Tehran Stock Exchange

Current collapses of big companies and the worse fluctuations of the financial markets have evoked the awareness of the stakeholders and managers to utilize suitable tools to predict the financial distress of companies. One of such tools is the application of financial ratios as independent variables and developing models to predict bankruptcy issue. The objective of this study is first to test the prediction power of original Altman (1983) and Ohlson (1980) models on the dataset ofIranian listed companies and secondly by applying MUltiple Discriminant Analysis (i.e. MDA) and Logit Analysis statistical techniques on the same dataset, develop a suitable prediction model for bankruptcy of listed companies in the economic environment of Iran