Altman Model Verification Using a Multi-Criteria Approach for Slovakian Agricultural Enterprises

The Altman model is still one of the most widely used predictive models in 21st century, and it aims to highlight differences between bankrupt healthy enterprises. This has been modified several times; its well-known forms are from 1968, 1983 1995. However, use Z-score for Slovak enterprises more than questionable. unsuitability conditions companies confirmed by empirical surveys. objective this study was verify validation these three variants model, depending on how an unprosperous company identified, using a sample 996 agricultural operating Republic. Four indicators were selected identification enterprise – economic results, total liquidity, equity, value added they monitored over last year or, as case may be, years 2014 2016. Using Technique Order Preference Similarity Ideal Solution (TOPSIS) Coefficient variation (CV) methods method weight determination, combination 1968 negative liquidity reference determined be best. One our main findings that way which identified significant factor affecting overall reliability model. resulting natural operate. results (EVA) proved inappropriate defining