The Use and Comparison of Survival Models for Corporate Bankruptcies
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F17%3A10237858" target="_blank" >RIV/61989100:27510/17:10237858 - isvavai.cz</a>
Result on the web
<a href="https://www.ekf.vsb.cz/frpfi/cs/sbornik_prispevku/" target="_blank" >https://www.ekf.vsb.cz/frpfi/cs/sbornik_prispevku/</a>
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
The Use and Comparison of Survival Models for Corporate Bankruptcies
Original language description
The paper is focused on the use of survival analysis for the modelling of time to event data. The main aim of this paper is to analyse the time to corporate bankruptcy, estimate multivariable survival models using different approaches of survival analysis and compare the resulting models. In this paper, there are three models used for the analysis of corporate bankruptcies from the construction sector in the Czech Republic, the semi-parametric Cox proportional hazard model, parametric exponential model and Weibull model. The empirical results of all approaches used in the analysis provide evidence that there are five key financial variables of size, return, coverage, turnover and liquidity with a significant effect on the hazard of corporate bankruptcy. The main contribution of this paper is the comparison of models estimated via three different methods of survival analysis and the identification of financial ratios with a significant effect on time to corporate bankruptcy.
Czech name
—
Czech description
—
Classification
Type
D - Article in proceedings
CEP classification
—
OECD FORD branch
50206 - Finance
Result continuities
Project
—
Continuities
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
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
Financial Management of Firms and Financial Institutions : 11th international scientific conference : 6th - 7th September 2017, Ostrava, Czech Republic : proceedings.
ISBN
978-80-248-4138-0
ISSN
—
e-ISSN
2336-162X
Number of pages
9
Pages from-to
644-652
Publisher name
VŠB - Technická univerzita Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
Sep 6, 2017
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000508278200079