Predicting Financial Bankruptcy by Using Altman-Z Score in Financial Companies:The Case of Amman Stock Exchange
Mansour Alkhazaleh, Amjad Ghazi AL Habashneh, Hussein Al-zeaud, Omar Amjad Al-Habashneh, Saa’eda Abu O’laim

Abstract
This study aims to predict the financial bankruptcy of a sample of 19 financial companies listed in the Amman Stock Exchange (ASE) in the period 2010-2021 using the 1983 Altman Z-Score model. It was found through the analysis that five companies taken in the study sample were completely safe from the possibility of exposure to the risks of bankruptcy, while three companies were financially failed and suffering from great financial distress, and therefore there is a high probability of them being exposed to bankruptcy. On the other hand, eleven companies fluctuated towards the possibility of bankruptcy and falling into gray areas that couldn’t be judged on the possibility of bankruptcy or not. Accordingly, the study model is reliable and valid for predicting the financial bankruptcy for the financial companies listed in Amman Stock Exchange.

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