Use of financial ratios in asset valuation
|Author:||Bc. Jiří Pokorný|
|Year:||2009 - summer|
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||The Bachelor thesis can be divided into two complementary parts. In the first theoretical part there are described methods of analysis. Derivation of multivariate discriminant analysis is discussed and we describe Altman banktruptcy model and his derivation. We also try to discuss trends in share prices in the USA for the last decade.
The following second part is empirical. Using linear regression we try to find dependence between the values of Altman Z-score index of companies and their share prices. We have used data from several industries fro the USA.