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
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DOI - Digital Object Identifier
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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
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
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Result continuities
Project
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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
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e-ISSN
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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