Complex changes in economic and corporate environment in the past decade and increasing bankruptcy of large corporations have created the need for instruments to measure the financial capabilities of the firms. In other words, the financial decision making has become more important compared with the past and has forced the mangers to use the advanced techniques in order to make benefit of the new controlling methods. One of the most well-known bankruptcy prediction models was developed by altman(1968) using multivariate discriminant analysis. Since altman’s model, a multiude of bankruptcy prediction models have flooded the literature.( Jodi et al,2007). So in this research we used Fulmer and springate's models in order to predict the companies' bankruptcy. Thus, the data related to 90 firms accepted in Tehran Stock Exchange for the years between 2005 and 2010 were tested. The results showed that there is a meaningful difference between the results of the two models in predicting the firms' bankruptcy. Also, in forthcoming studied it was found out that Fulmer's model acts more conservatively in bankruptcy prediction than springate's model
کلید واژگان :Bankruptcy, Fulmer's model, Springate's model, Bankruptcy prediction
ارزش ریالی : 600000 ریال
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