환대기업의 도산가능성 예측 연구: 알트만 지수를 이용하여

The primary objective of this paper is to forecast using Altman Index the bankruptcy possibility in the hospitality enterprise. To do this purpose, Altman Model of Developer & Professor Edward I. Altman developed was used to empirical analysis. The using indexes for Altman model are net working capital, retained earnings, EBIT, sales, market value of capital, total assets, book value of liabilities. In conclusion, to make increasing of Z- score, it is necessary to increase the numerator or/and to decrease the denominator. In other words, to make increasing of Z- score, it is necessary the management and action plan to increase the numerator or/and to decrease the denominator.