The Prediction Capabilities of Bankruptcy Models in a Different Environment: An example of the Altman Model under the Conditions in the Visegrad Group Countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F15%3APU116013" target="_blank" >RIV/00216305:26510/15:PU116013 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The Prediction Capabilities of Bankruptcy Models in a Different Environment: An example of the Altman Model under the Conditions in the Visegrad Group Countries
Original language description
This paper presents the results of research into the discrimination capability of the Altman bankruptcy model. The authors are contributing in this way to discussion of the possible transferability of models that have been created in a different environment or a different time period. Efforts at model transfer are motivated by an assumption to obtain the same or similar discrimination accuracy for the given model as that declared by its creators. The tests performed have clearly shown that the discrimination accuracy of a model falls significantly when it is used in a different environment. This led in turn to an investigation of ways in which the discrimination capability of a model may be increased by means of the determination of new weightings for model variables and grey-zone boundaries. The accuracy of the original models was not attained, although an increase was seen in the discrimination accuracy of these models.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Economics
ISSN
0013-3035
e-ISSN
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Volume of the periodical
63
Issue of the periodical within the volume
6
Country of publishing house
SK - SLOVAKIA
Number of pages
17
Pages from-to
617-633
UT code for WoS article
000364616300004
EID of the result in the Scopus database
2-s2.0-84974829802