Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)

Application of Altman Z-score Model in Credit Risk Assessment of Light Industry in China

Authors
Xinyi Xu1, *
1Southampton Business School, University of Southampton, Southampton, UK
*Corresponding author. Email: xx1n21@soton.ac.uk
Corresponding Author
Xinyi Xu
Available Online 14 December 2022.
DOI
10.2991/978-94-6463-054-1_12How to use a DOI?
Keywords
Altman Z-score model; Light industrial enterprises; Credit Risk
Abstract

This article uses the method of empirical analysis to analyze the credit risk of more than 20 light industrial enterprises listed in China, the United Kingdom, and the United States, with the data of their working capital, earnings before interest and tax, retained earnings, the market value of equity, total assets, total liabilities, and sales. The article uses the Altman Z-score model, comparing and analyzing the Z value changes of light industrial enterprises in three countries. This paper also provides some suggestions for the development of Chinese light industrial enterprises, and fills the gap in the combination of the light industrial enterprises and the risk assessment through the Altman Z-score model.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
14 December 2022
ISBN
978-94-6463-054-1
ISSN
2352-5428
DOI
10.2991/978-94-6463-054-1_12How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

TY  - CONF
AU  - Xinyi Xu
PY  - 2022
DA  - 2022/12/14
TI  - Application of Altman Z-score Model in Credit Risk Assessment of Light Industry in China
BT  - Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)
PB  - Atlantis Press
SP  - 91
EP  - 100
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-054-1_12
DO  - 10.2991/978-94-6463-054-1_12
ID  - Xu2022
ER  -