Academy Models
Tags: academy, academy models, academy models home page, academy models korea, academy models replacement parts, academy models usa, education, reference, science, tools
Beyond the CAMELS Rating: A Model for predicting bank failures in Nigeria
Beyond the CAMELS Rating: A Model for predicting bank failures in Nigeria
By: Shafii Ndanusa, ACCA, FAAFM, MFP (Master Financial Professional)
In the year 1968, a financial economist called Edward Altman, then an Assistant Professor of Finance at New York University published what is popularly known in the global finance community as the Z-Score formula for predicting corporate bankruptcy. With the published formula, it was possible to use historical accounting data to predict the failure of publicly-quoted American manufacturing … Continue Reading
