The use of the altman model in evaluation of economic performance of a corporation in the crisis period in the building sector in the Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F18%3A43914337" target="_blank" >RIV/62156489:43110/18:43914337 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.11118/actaun201866020409" target="_blank" >https://doi.org/10.11118/actaun201866020409</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.11118/actaun201866020409" target="_blank" >10.11118/actaun201866020409</a>

Result language

angličtina

Original language name

The use of the altman model in evaluation of economic performance of a corporation in the crisis period in the building sector in the Czech Republic

Original language description

The article is focused on verification of the presumption of poor financial management in companies operating in the building sector. Many authors have written about a financial situation of enterprises in the building sector, especially after the economic crisis in the year 2008, when some of them claim and their results confirm that the main reason of bankruptcy of these companies was not the economic crisis but mainly poor financial management. Our results, which were obtained especially by the method of financial analysis and further by a mathematical and statistical method, support this statement. Within the mathematical and statistical methods, there was return on equity used as an explanatory variable, mainly because all variants of the Altman Z-Score are based on the calculation of ratio indicators, which do not include this type of return. Based on the conducted tests it is possible to state that it is highly desirable for the monitored enterprises in the building industry to reach positive values of return on equity.

Czech name

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Czech description

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Type

J_SC - 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

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2018

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis

ISSN

1211-8516

e-ISSN

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Volume of the periodical

66

Issue of the periodical within the volume

2

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

13

Pages from-to

409-421

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-85047609975