Financial Distress and Bankruptcy Prediction: Evidence from Ghana

Solomon Samanhyia, Frederick Anisom Yaansah, Kofi Mintah Oware

Abstract


The frequent cases of corporate failures within the financial sector necessitates the need to employ models to predict forehand the financial distressed or bankruptcy state of the financial sector. This study aims at predicting financial distress and bankruptcy on selected listed banks on the stock exchange of a developing West African country, Ghana. Data used for the study spanned from 2008 to 2014. The Altman Z-Score and Boone Indicator were the main means of analysis.


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Copyright (c) 2016 Solomon Samanhyia, Frederick Anisom Yaansah, Kofi Mintah Oware

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