THE STRICTNESS OF TRADITIONAL INDICATORS FOR CREDITWORTHINESS MEASURING

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F16%3A39902032" target="_blank" >RIV/00216275:25410/16:39902032 - isvavai.cz</a>

Výsledek na webu

<a href="https://msed.vse.cz/msed_2016/article/257-Kubenka-Michal-paper.pdf" target="_blank" >https://msed.vse.cz/msed_2016/article/257-Kubenka-Michal-paper.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

THE STRICTNESS OF TRADITIONAL INDICATORS FOR CREDITWORTHINESS MEASURING

Popis výsledku v původním jazyce

Creditworthy indicators are used as a tool for a rapid diagnosis of the financial health of a company. The classic models are the Q-test, the Credibility index and Rudolf Doucha's Balance analysis, all of which were created decades ago. Despite this, they are still popular. These three indicators are among the most frequently used in scientific publications. The author asked a number of questions related to their practical use. Despite their age they have not yet been answered. For instance, do they still serve the purpose for which they were created? Does the assessment of financial health return the same results using these various indicators? Can individual indicators bring contradictory results describing the financial health of analyzed companies? Which is the best indicator describing companies' economic condition? To answer these questions a set of nearly 1500 companies was analyzed. A key research finding is that the Credibility Index is the most accurate model for predicting creditworthiness and the accuracy of individual models varies. The results of the Q-test and the Balance Analysis I. using the Credibility Index can be very accurately predicted only on the basis of conditioned probability.

Název v anglickém jazyce

THE STRICTNESS OF TRADITIONAL INDICATORS FOR CREDITWORTHINESS MEASURING

Popis výsledku anglicky

Creditworthy indicators are used as a tool for a rapid diagnosis of the financial health of a company. The classic models are the Q-test, the Credibility index and Rudolf Doucha's Balance analysis, all of which were created decades ago. Despite this, they are still popular. These three indicators are among the most frequently used in scientific publications. The author asked a number of questions related to their practical use. Despite their age they have not yet been answered. For instance, do they still serve the purpose for which they were created? Does the assessment of financial health return the same results using these various indicators? Can individual indicators bring contradictory results describing the financial health of analyzed companies? Which is the best indicator describing companies' economic condition? To answer these questions a set of nearly 1500 companies was analyzed. A key research finding is that the Credibility Index is the most accurate model for predicting creditworthiness and the accuracy of individual models varies. The results of the Q-test and the Balance Analysis I. using the Credibility Index can be very accurately predicted only on the basis of conditioned probability.

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

The 10th International Days of Statistics and Economics : conference proceedings

ISBN

978-80-87990-10-0

ISSN

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e-ISSN

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Počet stran výsledku

11

Strana od-do

985-995

Název nakladatele

Vysoká škola ekonomická v Praze

Místo vydání

Praha

Místo konání akce

Praha

Datum konání akce

8. 9. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000389515100097