EMPLOYING ALEXANDER BATHORY MODEL TO EVALUATE THE FINANCIAL RISK OF LISTED REAL ESTATE COMPANIES AT HSX

Abstract

In this research, Alexander Bathory is utilized to measure the financial risk of listed real estte companies at Hochiminh Stock Exchange (HSX). Data collected from financial statements of 34 listed companies during 2013-2015 period (102 observations) was then entered in Microsoft Excel software in form of model variables (SZL_it, SY_it, GL_it, YF_it, YZ_it). Simultaneously, the criteria of financial risk (FR_it) were identified. The outcome of comparing and analyzing the calculations of FR_it among listed units acted as a solid basis for potential implifications on financial risk management (for real estate companies in general and those under HSX in particular) to be proposed.