Identification of financial signs of bankruptcy: A case of industrial enterprises in the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F13%3APU103550" target="_blank" >RIV/00216305:26510/13:PU103550 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Identification of financial signs of bankruptcy: A case of industrial enterprises in the Czech Republic
Original language description
The current approach to creating bankruptcy models involves a search for predictors that have been shown to predict bankruptcy in only one period, namely a year before it occurs. That approach does not allow to identify the root causes of bankruptcy. Yetstudies exist (Beaver, 1966; Deakin, 1972; Henerby, 1996; Niemann, Schmidt, Neukirchen, 2008) which suggest that the signs of bankruptcy could be recognized much sooner. The intent of this article is to present the results of a research aspiring to identify the warning signs of bankruptcy within one to five years before it occurs. It was found that a predominant sign of an eventual bankruptcy is a decrease in the performance of company's assets. In the period of three years before the bankruptcy, thisdevelopment is further aggravated by a decline in the quality of generated earnings. The causes and the first signs of a decrease in the performance of company's assets appear more than five years before the company actually experiences b
Czech name
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Czech description
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 6th International Scientific Conference: Finance and the performance of firms in science, education, and practise
ISBN
978-80-7454-246-6
ISSN
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e-ISSN
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Number of pages
12
Pages from-to
324-335
Publisher name
Neuveden
Place of publication
Zlín
Event location
Zlín
Event date
Apr 25, 2013
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000329435800027

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