Using wage productivity indicators to predict bankruptcy
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F17%3A43895844" target="_blank" >RIV/60076658:12510/17:43895844 - 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
Using wage productivity indicators to predict bankruptcy
Original language description
The aim of the paper is to verify the possibilities of wage productivity indicators for the prediction of bankruptcy. Enterprise bankruptcy prediction models are based on the hypothesis that the financial difficulty of an enterprise may be identified by certain sig-nals that may be reflected in the ratios of financial ratios before it actually becomes apparent. The sample comprised of businesses that were proposed for insolvency pro-ceedings from 2011 to 2015 and an equally large sample of businesses that were not proposed for insolvency proceedings between 2011 and 2015. Reliability of wage productivity indicators is compared to the reliability of indicators contained in the Altman Z 'index. It is evaluated not only the level of indicators in the year before the possible bankruptcy, but also their dynamics are evaluated. Estimation of the probability of a misstatement was made by re-substitution, i.e. the classifier is used to sort those units on which it was obtained. The results show that wage productivity indicators, respec-tively. Wage returns, which are based on a certain category of profit, are good predic-tors of the company's future bankruptcy. On the other hand, wage productivity indicators based on revenues related to personal costs and asset turnover rates are not appropriate to use as an indicator of future bankruptcy.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Region in the Development of Society 2017
ISBN
978-80-7509-548-0
ISSN
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e-ISSN
neuvedeno
Number of pages
8
Pages from-to
1002-1009
Publisher name
Mendelova univerzita v Brně, Fakulta regionálního rozvoje a mezinárodních studií
Place of publication
Brno
Event location
Brno
Event date
Oct 19, 2016
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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