Influence of age on selected parameters of insolvent companies
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60461373%3A22810%2F21%3A43921923" target="_blank" >RIV/60461373:22810/21:43921923 - isvavai.cz</a>
Alternative codes found
RIV/68407700:21630/21:00357298
Result on the web
<a href="https://www.businessperspectives.org/index.php/journals/problems-and-perspectives-in-management/issue-380/influence-of-age-on-selected-parameters-of-insolvent-companies" target="_blank" >https://www.businessperspectives.org/index.php/journals/problems-and-perspectives-in-management/issue-380/influence-of-age-on-selected-parameters-of-insolvent-companies</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.21511/ppm.19(2).2021.07" target="_blank" >10.21511/ppm.19(2).2021.07</a>
Alternative languages
Result language
angličtina
Original language name
Influence of age on selected parameters of insolvent companies
Original language description
It is natural for the market economy that companies are forced to leave the market when they are not able to survive anymore. This paper is focused on the age structure of the companies in default. The age is considered a period between corporate establishment and insolvency declaration. The paper analyzes whether companies, which report financial accounting statements, have different age structure than non-reporting entities. Data sample consists of 212 companies (147 reporting and 65 non-reporting entities). Moreover, the analysis points out if corporate financial standing differ according to the age structure observed. Using descriptive statistics tools, the observed relationship between the company age and the frequency of insolvency cases is expressed. The evaluation of the financial standing is based on a ratio analysis. Indicators such as return on assets, return on sales, debt ratio, cash and non-cash liquidity, and asset turnover are applied. The results show there are not significant differences in the age structure between the reporting and non-reporting enterprises. Values of financial indicators seem to be independent on the age structure. The paper provides explanations and brings a classification of specific differences observed such as a distinction between reasons due to sector specificities and partly due to the specifics of the current business environment in the Czech Republic (monitored period 2014 – first quarter 2019).
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Problems and Perspectives in Management
ISSN
1727-7051
e-ISSN
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Volume of the periodical
19
Issue of the periodical within the volume
2
Country of publishing house
UA - UKRAINE
Number of pages
14
Pages from-to
77-90
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85106355919