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THE STRICTNESS OF TRADITIONAL INDICATORS FOR CREDITWORTHINESS MEASURING

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F16%3A39902032" target="_blank" >RIV/00216275:25410/16:39902032 - isvavai.cz</a>

  • Result on the web

    <a href="https://msed.vse.cz/msed_2016/article/257-Kubenka-Michal-paper.pdf" target="_blank" >https://msed.vse.cz/msed_2016/article/257-Kubenka-Michal-paper.pdf</a>

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    THE STRICTNESS OF TRADITIONAL INDICATORS FOR CREDITWORTHINESS MEASURING

  • Original language description

    Creditworthy indicators are used as a tool for a rapid diagnosis of the financial health of a company. The classic models are the Q-test, the Credibility index and Rudolf Doucha's Balance analysis, all of which were created decades ago. Despite this, they are still popular. These three indicators are among the most frequently used in scientific publications. The author asked a number of questions related to their practical use. Despite their age they have not yet been answered. For instance, do they still serve the purpose for which they were created? Does the assessment of financial health return the same results using these various indicators? Can individual indicators bring contradictory results describing the financial health of analyzed companies? Which is the best indicator describing companies' economic condition? To answer these questions a set of nearly 1500 companies was analyzed. A key research finding is that the Credibility Index is the most accurate model for predicting creditworthiness and the accuracy of individual models varies. The results of the Q-test and the Balance Analysis I. using the Credibility Index can be very accurately predicted only on the basis of conditioned probability.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

    AE - Management, administration and clerical work

  • OECD FORD branch

Result continuities

  • Project

  • Continuities

    I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Others

  • Publication year

    2016

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    The 10th International Days of Statistics and Economics : conference proceedings

  • ISBN

    978-80-87990-10-0

  • ISSN

  • e-ISSN

  • Number of pages

    11

  • Pages from-to

    985-995

  • Publisher name

    Vysoká škola ekonomická v Praze

  • Place of publication

    Praha

  • Event location

    Praha

  • Event date

    Sep 8, 2016

  • Type of event by nationality

    EUR - Evropská akce

  • UT code for WoS article

    000389515100097