CREDIT RISK ASSESSMENT FOR SMES: THE CZECH CASE

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F17%3A00097911" target="_blank" >RIV/00216224:14560/17:00097911 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.5593/sgemsocial2017/13" target="_blank" >http://dx.doi.org/10.5593/sgemsocial2017/13</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.5593/sgemsocial2017/13" target="_blank" >10.5593/sgemsocial2017/13</a>

Jazyk výsledku

angličtina

Název v původním jazyce

CREDIT RISK ASSESSMENT FOR SMES: THE CZECH CASE

Popis výsledku v původním jazyce

Small and medium sized companies are reasonably considered as the backbone of the economy many countries. Thanks to their simple structure, they can respond quickly to changing economic conditions and meet local customers´ needs, growing sometimes into large and powerful corporations or failing within a short time of the firm´s inception. Therefore, they are significantly different from large companies from the credit risk point of view. We would like to show the importance to assess the SMEs credit risk separately from large companies, additionally we separate micro sized, small sized and medium sized enterprises. To invent the most precise bankruptcy model is permanent subject of many scientific researches and there have also been developed many bankruptcy models for corporate entities, but they do not respect size of entities, therefore their predictability could be misleading. The aim of this article is the comparison of the popular bankruptcy models, namely the Ohlson O-score, the Zmijewski’s model, the Taffler’s model, the IN05 model with the Altman model developed in 2007 especially for SMEs. We compare predicting abilities of these models in their basic form using the classification table and ROC curve.

Název v anglickém jazyce

CREDIT RISK ASSESSMENT FOR SMES: THE CZECH CASE

Popis výsledku anglicky

Small and medium sized companies are reasonably considered as the backbone of the economy many countries. Thanks to their simple structure, they can respond quickly to changing economic conditions and meet local customers´ needs, growing sometimes into large and powerful corporations or failing within a short time of the firm´s inception. Therefore, they are significantly different from large companies from the credit risk point of view. We would like to show the importance to assess the SMEs credit risk separately from large companies, additionally we separate micro sized, small sized and medium sized enterprises. To invent the most precise bankruptcy model is permanent subject of many scientific researches and there have also been developed many bankruptcy models for corporate entities, but they do not respect size of entities, therefore their predictability could be misleading. The aim of this article is the comparison of the popular bankruptcy models, namely the Ohlson O-score, the Zmijewski’s model, the Taffler’s model, the IN05 model with the Altman model developed in 2007 especially for SMEs. We compare predicting abilities of these models in their basic form using the classification table and ROC curve.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 4th International Multidisciplinary Scientific Conference Social Sciences & Arts SGEM 2017

ISBN

9786197408157

ISSN

2367-5659

e-ISSN

—

Počet stran výsledku

8

Strana od-do

173-180

Název nakladatele

SGEM International Multidisciplinary Scientific Conferences on Social Sciences and Arts

Místo vydání

Sofia, Bulgaria

Místo konání akce

Albena

Datum konání akce

24. 8. 2017

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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