Vše

Co hledáte?

Vše
Projekty
Výsledky výzkumu
Subjekty

Rychlé hledání

  • Projekty podpořené TA ČR
  • Významné projekty
  • Projekty s nejvyšší státní podporou
  • Aktuálně běžící projekty

Chytré vyhledávání

  • Takto najdu konkrétní +slovo
  • Takto z výsledků -slovo zcela vynechám
  • “Takto můžu najít celou frázi”

A Parametric or Nonparametric Approach for Creating a new Bankruptcy Prediction Model: The Evidence from the Czech Republic

Identifikátory výsledku

  • Kód výsledku v IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F14%3APU109289" target="_blank" >RIV/00216305:26510/14:PU109289 - isvavai.cz</a>

  • Výsledek na webu

  • DOI - Digital Object Identifier

Alternativní jazyky

  • Jazyk výsledku

    angličtina

  • Název v původním jazyce

    A Parametric or Nonparametric Approach for Creating a new Bankruptcy Prediction Model: The Evidence from the Czech Republic

  • Popis výsledku v původním jazyce

    For many years now the development of models capable of predicting company bankruptcy has aimed at increasing their accuracy. Among the decisive factors determining the accuracy of the bankruptcy model have been the choice of variable models and applied classification algorithms. The prevailing opinion in literature is that the accuracy of bankruptcy models cannot be appreciably improved by the choice of classification algorithm. A reflection of this assertion is the frequent usage of parametric methods. In particular this involves the method of linear discrimination analysis. This method formed the basis of the first bankruptcy model and continues to be the most frequently applied classification algorithm. However, it requires the fulfilment of assumptions which financial data does not provide and therefore limits the improvement of the models predictive capabilities. This led the authors to the idea of testing the possibility of improving the bankruptcy models predictive capabilities by using non-traditional approaches. Using the example of companies from the Czech Republic it was discovered that a nonparametric method, when used for the selection of model variables as well as the actual classification, can yield significantly better results than the traditional parametric approach.

  • Název v anglickém jazyce

    A Parametric or Nonparametric Approach for Creating a new Bankruptcy Prediction Model: The Evidence from the Czech Republic

  • Popis výsledku anglicky

    For many years now the development of models capable of predicting company bankruptcy has aimed at increasing their accuracy. Among the decisive factors determining the accuracy of the bankruptcy model have been the choice of variable models and applied classification algorithms. The prevailing opinion in literature is that the accuracy of bankruptcy models cannot be appreciably improved by the choice of classification algorithm. A reflection of this assertion is the frequent usage of parametric methods. In particular this involves the method of linear discrimination analysis. This method formed the basis of the first bankruptcy model and continues to be the most frequently applied classification algorithm. However, it requires the fulfilment of assumptions which financial data does not provide and therefore limits the improvement of the models predictive capabilities. This led the authors to the idea of testing the possibility of improving the bankruptcy models predictive capabilities by using non-traditional approaches. Using the example of companies from the Czech Republic it was discovered that a nonparametric method, when used for the selection of model variables as well as the actual classification, can yield significantly better results than the traditional parametric approach.

Klasifikace

  • Druh

    J<sub>SC</sub> - Článek v periodiku v databázi SCOPUS

  • CEP obor

  • OECD FORD obor

    50602 - Public administration

Návaznosti výsledku

  • Projekt

  • Návaznosti

    S - Specificky vyzkum na vysokych skolach

Ostatní

  • Rok uplatnění

    2014

  • Kód důvěrnosti údajů

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

Údaje specifické pro druh výsledku

  • Název periodika

    INTERNATIONAL JOURNAL of MATHEMATICAL MODELS AND METHODS IN APPLIED SCIENCES

  • ISSN

    1998-0140

  • e-ISSN

  • Svazek periodika

    8

  • Číslo periodika v rámci svazku

    1

  • Stát vydavatele periodika

    US - Spojené státy americké

  • Počet stran výsledku

    10

  • Strana od-do

    214-223

  • Kód UT WoS článku

  • EID výsledku v databázi Scopus

    2-s2.0-84902459281