Identification of bankruptcy factors for engineering companies in the EU

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F17%3A43911796" target="_blank" >RIV/62156489:43110/17:43911796 - isvavai.cz</a>
Result on the web
<a href="http://fim2.uhk.cz/mme/conferenceproceedings/mme2017_conference_proceedings.pdf" target="_blank" >http://fim2.uhk.cz/mme/conferenceproceedings/mme2017_conference_proceedings.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Identification of bankruptcy factors for engineering companies in the EU
Original language description
This article focuses on the possibility of identification of factors leading to bankruptcy of the companies from engineering sector in EU. We deal with 953 small and medium-sized engineering companies in the EU from which 51 companies bankrupted in 2014. The data are collected from the Amadeus database of Bureau van Dijk. At first, we use factor analysis for reduction of the data dimension. Several meaningful results with different number of factors are found. We use the method of cluster analysis (with different settings) in order to identify the group of active and bankrupted companies; this analysis is based on original financial data and on artificial factors. Both steps are repeated for the data coming from one, two and three years before bankruptcy. Influence of data dimension reduction on cluster analysis results is discussed and final recommendations for further analyses are given.
Czech name
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Czech description
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Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Mathematical Methods in Economics 2017: Conference Proceedings
ISBN
978-80-7435-678-0
ISSN
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e-ISSN
neuvedeno
Number of pages
6
Pages from-to
714-719
Publisher name
Univerzita Hradec Králové
Place of publication
Hradec Králové
Event location
Hradec Králové
Event date
Sep 13, 2017
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000427151400122

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