Bankruptcy risk, firm size, and firm profitability: a dynamic panel data approach

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F23%3A63567378" target="_blank" >RIV/70883521:28120/23:63567378 - isvavai.cz</a>
Result on the web
<a href="https://dx.doi.org/10.1504/IJSE.2023.129831" target="_blank" >https://dx.doi.org/10.1504/IJSE.2023.129831</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1504/IJSE.2023.129831" target="_blank" >10.1504/IJSE.2023.129831</a>

Result language
angličtina
Original language name
Bankruptcy risk, firm size, and firm profitability: a dynamic panel data approach
Original language description
The main purpose of this study is to examine the impacts of bankruptcy risk of small and medium enterprises (SMEs) and large firms on firm profitability. By employing the secondary data from the CRIBIS database of the Czech firms from the ten sectors, the bankruptcy risk is measured by Altman model and Springate model. This is the first study examining the impacts of the firm size on firm profitability by simultaneously employing the Altman and Springate models. We employed the two-step system generalised method of moments (GMM) to estimate the regression models. The findings revealed three important results: 1) there is a positive relationship between the bankruptcy models and firm profitability; 2) SMEs earn more profits than large firms; 3) the bankruptcy risk for SMEs is higher than the large firms.
Czech name
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Czech description
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Type
J<sub>SC</sub> - 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

Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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