Survival Analysis of Corporate Defaults in the Czech Construction Sector

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86094520" target="_blank" >RIV/61989100:27510/15:86094520 - isvavai.cz</a>
Result on the web
<a href="http://icfb.rs.opf.slu.cz/sites/icfb.rs.opf.slu.cz/files/novotna.pdf" target="_blank" >http://icfb.rs.opf.slu.cz/sites/icfb.rs.opf.slu.cz/files/novotna.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Survival Analysis of Corporate Defaults in the Czech Construction Sector
Original language description
Survival analysis is a statistical technique which can be used for the analysis of time to event data. The purpose of this study is to provide a specific application of survival analysis in the area of credit risk. The aim of this paper is to analyse thetime to default and explore the effect of selected variables on time to corporate failures. Survival analysis in this study is based on modelling the time interval between foundation of the company and its bankruptcy. In this paper, two survival modelsare estimated by the Cox proportional hazard model, including a model with quadratic terms. The overall results of the analysis suggest there are certain financial variables with a significant effect on survivorship of Czech construction firms. The empirical results provide evidence that selected indicators of return, coverage, turnover and liquidity can be considered as key variables in the hazard of corporate bankruptcy. Thus, the main contribution of this paper is in examining the sur
Czech name
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Czech description
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Project
<a href="/en/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Research team for modelling of economic and financial processes at VSB-TU Ostrava</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 15th International Conference on Finance and Banking
ISBN
978-80-7510-186-0
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
277-285
Publisher name
Silesian University in Opava, School of Business Administration in Karviná
Place of publication
Karviná
Event location
Praha
Event date
Oct 13, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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