Variables Important for Bankruptcy Prediction - A Logit Binary Approach
The purpose of this bachelor thesis is to estimate our own bankruptcy prediction model using logit binary data. Our choice of variables is based on Altman’s Z-score model 1968. A comparison is then done between results in Altman and our findings. We perform our estimates on 114 listed Nordic companies, where 37 of them went bankrupt during 2002-2012. We find that our estimated model can categoriz