Possibilities for the Application of the Altman Model within the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F13%3APU104859" target="_blank" >RIV/00216305:26510/13:PU104859 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Possibilities for the Application of the Altman Model within the Czech Republic

Popis výsledku v původním jazyce

There are currently a number of formulas that are able to predict the bankruptcy of a company (so-called "bankruptcy prediction formulas"). One of the most frequently mentioned formulas among these models is the Altman Z-score formula. The original version of the formula was intended only for companies listed on the capital market. In 2000, however, a version was published for other companies as well, which significantly broadened the applicability of this formula. The objective of this article is to verify the effectiveness of the 2000 Altman Z-score model within a different environment than which it was conducted. In this case, the environment shall be the Czech Republic or, as the case may be, a modified version of this environment. Despite our expectations, when tested, the model was proven to be significantly less accurate. For this reason we introduced a modification of the formula which has led to an increase in the total accuracy of the formula by 55% within conditions of the C

Název v anglickém jazyce

Possibilities for the Application of the Altman Model within the Czech Republic

Popis výsledku anglicky

There are currently a number of formulas that are able to predict the bankruptcy of a company (so-called "bankruptcy prediction formulas"). One of the most frequently mentioned formulas among these models is the Altman Z-score formula. The original version of the formula was intended only for companies listed on the capital market. In 2000, however, a version was published for other companies as well, which significantly broadened the applicability of this formula. The objective of this article is to verify the effectiveness of the 2000 Altman Z-score model within a different environment than which it was conducted. In this case, the environment shall be the Czech Republic or, as the case may be, a modified version of this environment. Despite our expectations, when tested, the model was proven to be significantly less accurate. For this reason we introduced a modification of the formula which has led to an increase in the total accuracy of the formula by 55% within conditions of the C

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

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2013

Kód důvěrnosti údajů

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

Název statě ve sborníku

Recent Reserches in Law Science and Finances: Proceedings of the 4th International conference on Finance, Accounting and Law (ICFA 13)

ISBN

978-960-474-327-8

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

203-208

Název nakladatele

Neuveden

Místo vydání

Chania, Crete Island, Greece

Místo konání akce

Chania, Crete Island

Datum konání akce

27. 8. 2013

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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