Värdet av ett Z-värde i Sverige : En aktuell branschjämförelse

Sammanfattning: Introduction: Bankruptcies are a risk that affects all actors in a society. Several tools have been developed to predict bankruptcy. One of these is Altman’s Z-score model. There are however structural differences between types of companies. There are also external aspects, which in turn change over time and locations. Purpose: To examine how Altman’s Z-score could be used as an indicator for financial distress among different industries in Sweden. Theoretical framework: Several relevant theories are presented. First out is a description of how accounts can be examined using key-performance-indicators. Thereafter comes a literary review of Altman’s Z-score model, as well as comparative tools. This theory was used to formulate six hypotheses. The theoretical framework ends with a review of prior studies. Method:This thesis followed the general framework within financial research. It used an abductive research methodology. Which gives it qualitative and quantitative approaches. There is partly a self-made study using test and reference units. Which were examined over a three-year period. As well as the data gathered from prior studies, presented in the theoretical framework. All methods and sources of reference are critiqued. Results and analysis: The raw data from the own study was consolidated and used to test the hypotheses. This was an analysis that was grounded in all the previous data. The results from the primary data were compared to that with which was presented in the theoretical framework. To draw the conclusion in response to the stated purpose, as well as answering the questions. Conclusions: Altman’s Z-score works perfectly on the Swedish market. There is a lot of potential to use it as an indicator for all actors and industries.