The Altman corporation failure prediction model : applied among South African medical schemes

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dc.contributor.advisorWest, Darronen_ZA
dc.contributor.authorArens, Fanelo Jamesen_ZA
dc.date.accessioned2015-06-18T13:07:24Z
dc.date.available2015-06-18T13:07:24Z
dc.date.issued2014en_ZA
dc.descriptionIncludes bibliographical references.en_ZA
dc.description.abstractThis study has a number of interrelated objectives that seek to understand and contextualize the Altman bankruptcy prediction model in the setting of the South African medical schemes over a ten year period (2002 to 2011). The main objective of this study is to validate the Altman Z₂ model amongst the medical schemes in South Africa; in terms of accurately classifying Z₂-scores of ≤ 1.23 and ≥ 2.9 into the a priori groups of failed and non-failed schemes. The average classification rates in the period 2002 to 2011 are as follows: 82% accuracy rate and 17.9% error rate. A linear trend line inserted in the graph shows the accuracy improving from 72% to 91% between the period 2003/2004 to 2011/2012. This outcome is consistent with the conclusion in previous studies (Aziz and Humayon, 2006: 27) that showed the accuracy rates in most failure prediction studies to be as follows: 84%, 88%, and 85% for statistical models, AEIS models and theoretical models respectively. Although this study validated the Altman model, further studies are required to test the rest of the study objectives under conditions where some of the assumptions are revised.en_ZA
dc.identifier.apacitationArens, F. J. (2014). <i>The Altman corporation failure prediction model : applied among South African medical schemes</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax. Retrieved from http://hdl.handle.net/11427/13084en_ZA
dc.identifier.chicagocitationArens, Fanelo James. <i>"The Altman corporation failure prediction model : applied among South African medical schemes."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2014. http://hdl.handle.net/11427/13084en_ZA
dc.identifier.citationArens, F. 2014. The Altman corporation failure prediction model : applied among South African medical schemes. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Arens, Fanelo James AB - This study has a number of interrelated objectives that seek to understand and contextualize the Altman bankruptcy prediction model in the setting of the South African medical schemes over a ten year period (2002 to 2011). The main objective of this study is to validate the Altman Z&#8322; model amongst the medical schemes in South Africa; in terms of accurately classifying Z&#8322;-scores of &#8804; 1.23 and &#8805; 2.9 into the a priori groups of failed and non-failed schemes. The average classification rates in the period 2002 to 2011 are as follows: 82% accuracy rate and 17.9% error rate. A linear trend line inserted in the graph shows the accuracy improving from 72% to 91% between the period 2003/2004 to 2011/2012. This outcome is consistent with the conclusion in previous studies (Aziz and Humayon, 2006: 27) that showed the accuracy rates in most failure prediction studies to be as follows: 84%, 88%, and 85% for statistical models, AEIS models and theoretical models respectively. Although this study validated the Altman model, further studies are required to test the rest of the study objectives under conditions where some of the assumptions are revised. DA - 2014 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2014 T1 - The Altman corporation failure prediction model : applied among South African medical schemes TI - The Altman corporation failure prediction model : applied among South African medical schemes UR - http://hdl.handle.net/11427/13084 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/13084
dc.identifier.vancouvercitationArens FJ. The Altman corporation failure prediction model : applied among South African medical schemes. [Thesis]. University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2014 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/13084en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentDepartment of Finance and Taxen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherFinancial Managementen_ZA
dc.titleThe Altman corporation failure prediction model : applied among South African medical schemesen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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