Altman’s Z”-Score to Predict Accounting Based Financial Distress of Municipalities: Bankruptcy Risk Map for Metropolitan Municipalities in Turkey

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dc.contributor.authorKablan, Ali
dc.date.accessioned2024-06-12T10:04:19Z
dc.date.available2024-06-12T10:04:19Z
dc.date.issued2020
dc.departmentTrakya Üniversitesien_US
dc.description.abstractPurpose – The aim of the current study is to assess the financial distress risk of the metropolitanmunicipalities in Turkey from 2012 to 2017 using Altman’s Z’’-Score, an accounting-based financialdistress prediction model.Design/methodology/approach – Altman Z’’-Score model was applied to the data from 2012 to 2017for 30 metropolitan municipalities in Turkey. Microsoft Excel Program was used to calculate the fourfinancial ratios, place them in the model and find the Z’’-Score values. Paintmap application wasused to create the risk map for the Turkish metropolitan municipalities based on the results.Findings – The results showed that four of the metropolitan municipalities gradually moved to thered zone based on the 2012-2017 data. However, only two of these municipalities were placed in thered zone based on the mean. Similarly, ten of the municipalities moved to the grey zone over time,but only one of these municipalities were in the grey zone with respect to the mean whereas all theother metropolitan municipalities were in the safe zone.Discussion – The results of the current study show that the fiscal performance of the metropolitanmunicipalities in Turkey seems to be better than expected. The effects of accounting errors in AuditCourt Reports on statements and analysis of statements, which can be quite misleading, may beinvestigated in future research.en_US
dc.identifier.doi10.20491/isarder.2020.858
dc.identifier.endpage509en_US
dc.identifier.issn1309-0712
dc.identifier.issue1en_US
dc.identifier.startpage498en_US
dc.identifier.trdizinid382101en_US]
dc.identifier.urihttps://doi.org/10.20491/isarder.2020.858
dc.identifier.urihttps://search.trdizin.gov.tr/yayin/detay/382101
dc.identifier.urihttps://hdl.handle.net/20.500.14551/12761
dc.identifier.volume12en_US
dc.indekslendigikaynakTR-Dizinen_US
dc.language.isoenen_US
dc.relation.ispartofİşletme Araştırmaları Dergisien_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.titleAltman’s Z”-Score to Predict Accounting Based Financial Distress of Municipalities: Bankruptcy Risk Map for Metropolitan Municipalities in Turkeyen_US
dc.typeArticleen_US

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