A Study of the Strategic Performance of Shareholding industrial organizations in Jordan: Using Z- Score Model
Ayat “Mohammad Essam” Saed Mohammad, Sulieman Ibraheem Shelash Al-Hawary

Abstract
This research aimed at answering the following question: To which level the strategic healthiness of Jordanian Shareholding industrial organizations. Strategic performance was measured using Altman’s Z-Factor Formula which developed by Altman in 1968. Specifically it aims to examine the level of strategic performance of the Jordanian shareholding industrial organizations. Altman’s Z-Factor Formula includes five variables: Working Capital / Total Assets, Retained Earnings / Total Assets, Earnings Before Interest and Taxes / Total Assets, Market Value of Equity / Total Liabilities, and Sales / Total Assets. Each variable express a financial ratio and a constant value for each variable as specified by Altman using the Multiple discriminate analysis.The study population consisted of industrial organizations listed in Amman stock exchange.. Statistical Package for Social Sciences (SPSS) was used to test the study hypotheses and to achieve the objective of the study.Results of the research indicated that Jordanian shareholding industrial organizations have low strategic healthiness.

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