Factors Affecting Bankruptcy Depending on the Size of the Company

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F22%3A00125351" target="_blank" >RIV/00216224:14560/22:00125351 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/68407700:21630/22:00355913

Výsledek na webu

<a href="http://dx.doi.org/10.1007/978-3-030-81663-6_17" target="_blank" >http://dx.doi.org/10.1007/978-3-030-81663-6_17</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/978-3-030-81663-6_17" target="_blank" >10.1007/978-3-030-81663-6_17</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Factors Affecting Bankruptcy Depending on the Size of the Company

Popis výsledku v původním jazyce

The aim of this article is finding if there exist different factors that could predict bankruptcy depending on the size of the company and compare the differences. Our motivation is to show the most critical factors which have to be taken into attention when predicting bankruptcy. This paper focuses on the Czech economy, specifically at small and medium-sized enterprises (SMEs). It is the ongoing research about the value of several popular bankruptcy models that are often applied, namely the Altman Z-score, the Ohlson O-score, the Zmijewski’s model, the Taffler’s model, and the IN05 model. It uses significant predictors of these models. We have investigated around 2 800 companies from the segment small and medium-sized enterprises (SMEs), of which 638 failed during the period 2010 – 2017. We have investigated financial data for the years from 2010 to 2017. Results of the analysis confirm research hypotheses that there exist different factors which could predict bankruptcy depending on the size of the company and exploit common used financial indicators to assess the probability of bankruptcy precisely. We have found that for the segment of micro-enterprises is necessary to pay attention to liquidity and profitability. Small enterprises emphasize to leverage, liquidity and profitability while the model developed for the segment of medium-sized enterprises measures most of all leverage, liquidity and activity.

Název v anglickém jazyce

Factors Affecting Bankruptcy Depending on the Size of the Company

Popis výsledku anglicky

The aim of this article is finding if there exist different factors that could predict bankruptcy depending on the size of the company and compare the differences. Our motivation is to show the most critical factors which have to be taken into attention when predicting bankruptcy. This paper focuses on the Czech economy, specifically at small and medium-sized enterprises (SMEs). It is the ongoing research about the value of several popular bankruptcy models that are often applied, namely the Altman Z-score, the Ohlson O-score, the Zmijewski’s model, the Taffler’s model, and the IN05 model. It uses significant predictors of these models. We have investigated around 2 800 companies from the segment small and medium-sized enterprises (SMEs), of which 638 failed during the period 2010 – 2017. We have investigated financial data for the years from 2010 to 2017. Results of the analysis confirm research hypotheses that there exist different factors which could predict bankruptcy depending on the size of the company and exploit common used financial indicators to assess the probability of bankruptcy precisely. We have found that for the segment of micro-enterprises is necessary to pay attention to liquidity and profitability. Small enterprises emphasize to leverage, liquidity and profitability while the model developed for the segment of medium-sized enterprises measures most of all leverage, liquidity and activity.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2022

Kód důvěrnosti údajů

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

Název statě ve sborníku

Sustainable Finance in the Green Economy

ISBN

9783030816629

ISSN

—

e-ISSN

—

Počet stran výsledku

12

Strana od-do

225-236

Název nakladatele

Springer

Místo vydání

Cham, Německo

Místo konání akce

Cham, Německo

Datum konání akce

1. 1. 2022

Typ akce podle státní příslušnosti

CST - Celostátní akce

Kód UT WoS článku

—