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Reliability of models predicting financial distress – Czech models and models from developed economies

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21630%2F16%3A00300507" target="_blank" >RIV/68407700:21630/16:00300507 - isvavai.cz</a>

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    Reliability of models predicting financial distress – Czech models and models from developed economies

  • Original language description

    This paper is focused on the topic of models predicting financial distress. These approaches are also known as bankruptcy models. The aim of this paper is to compare results for models created in different conditions. On one hand there are national approaches (in our case Czech formulas), on the other hand there are models from developed economies. Formulas from developed economies were created sooner and they are based on financial accounting data of publicly traded enterprises or at least of enterprises operating on the most developed markets. Czech models were created later after replacing centrally planned economy by market economy when the entities had been started to be exposed to the risk of business default. Although there exist critiques against using models predicting financial distress in different time, area and other conditions this research would like to prove that models from developed economies have enough accuracy also for the Czech businesses. The analysis uses methods as Type I Error and Type II Error. The models are verified on the financial accounting of Czech enterprises classified as defaulted as well as non-defaulted.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

    AE - Management, administration and clerical work

  • OECD FORD branch

Result continuities

  • Project

  • Continuities

    I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Others

  • Publication year

    2016

  • Confidentiality

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

Data specific for result type

  • Article name in the collection

    Innovation Management and Education Excellence Vision 2020: From Regional Development Sustainability to Global Economic Growth

  • ISBN

    978-0-9860419-6-9

  • ISSN

  • e-ISSN

  • Number of pages

    6

  • Pages from-to

    1720-1725

  • Publisher name

    IBIMA

  • Place of publication

    Norristown

  • Event location

    Miláno

  • Event date

    May 4, 2016

  • Type of event by nationality

    WRD - Celosvětová akce

  • UT code for WoS article

    000381172300191