Analysis of bankruptcy models for predicting the future state of the company
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F23%3A43907025" target="_blank" >RIV/60076658:12510/23:43907025 - isvavai.cz</a>
Result on the web
<a href="https://omp.ef.jcu.cz/index.php/EF/catalog/book/88" target="_blank" >https://omp.ef.jcu.cz/index.php/EF/catalog/book/88</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.32725/978-80-7694-053-6.54" target="_blank" >10.32725/978-80-7694-053-6.54</a>
Alternative languages
Result language
angličtina
Original language name
Analysis of bankruptcy models for predicting the future state of the company
Original language description
This paper deals with the issue of corporate financial health. In theoretical and practical terms, it works with selected bankruptcy models on which the financial analysis of enterprises can be shown. The paper includes a search of financial health from the perspective of various authors of important theoretical publications. Among other things, the paper aims to compare whether the selected bankruptcy models have sufficient predictive power, which is done in the later parts of the thesis. In the first part, it mentions specific bankruptcy models that are widely used in mainstream economics. The Altman model, Douch's balance sheet analysis, the Springate model, and the Index IN05 are discussed. In the practical phase of the paper, the reliability of the selected bankruptcy models is evaluated on a sample of about 6,000 firms from the manufacturing industry. The thesis concludes that the selected models are suitable for the evaluation and overall prediction of the future financial situation of companies. However, the thesis also concludes that the selected models have different predictive abilities in practical terms. Thus, the selection of specific models depends, among other things, on the needs of the chosen analysis. To determine the reliability of the prediction of the future state of the company will be used descriptive statistics. The thesis also concludes that the selected models are suitable as a complement to the needs of financial analysis, as they provide good information on the overall assessment of the financial and economic situation of the enterprise and provide the necessary entities with early warning.
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
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the 17th International Scientific Conference:Challenges and Opportunities in the Digital World.
ISBN
978-80-7694-053-6
ISSN
2336-6788
e-ISSN
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Number of pages
6
Pages from-to
353-358
Publisher name
Jihočeská univerzita v Českých Budějovicích, Ekonomická fakulta
Place of publication
České Budějovice
Event location
České Budějovice
Event date
Nov 2, 2023
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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