Can the same indicators serve for the prediction of bankruptcy in a different environment?

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F14%3APU111363" target="_blank" >RIV/00216305:26510/14:PU111363 - 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

Can the same indicators serve for the prediction of bankruptcy in a different environment?

Popis výsledku v původním jazyce

This paper presents the results of research into the prediction capability of financial proportional indicators on companies operating in different environments. The subject of the research are indicators used in the Z-score model which is considered a model with good prediction capability by many contemporary authors. Our research has shown that the prediction capability of this model is lower than that declared by the author. This finding led us to an investigation of the prediction capability of individual model variables in an attempt to determine whether the lower prediction accuracy of the model may be influenced by the variables used. The research was conducted on the basis of data on companies in the manufacturing industry in Visegrad Four countries for the years 2006 to 2012 obtained from the AMADEUS database. The results demonstrated the differing significance of variables in the individual countries which indicates the necessity of creating original models for each country.

Název v anglickém jazyce

Can the same indicators serve for the prediction of bankruptcy in a different environment?

Popis výsledku anglicky

This paper presents the results of research into the prediction capability of financial proportional indicators on companies operating in different environments. The subject of the research are indicators used in the Z-score model which is considered a model with good prediction capability by many contemporary authors. Our research has shown that the prediction capability of this model is lower than that declared by the author. This finding led us to an investigation of the prediction capability of individual model variables in an attempt to determine whether the lower prediction accuracy of the model may be influenced by the variables used. The research was conducted on the basis of data on companies in the manufacturing industry in Visegrad Four countries for the years 2006 to 2012 obtained from the AMADEUS database. The results demonstrated the differing significance of variables in the individual countries which indicates the necessity of creating original models for each country.

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

2014

Kód důvěrnosti údajů

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

Název statě ve sborníku

Managing and Modelling of Financial Risks 7th International Scientific Conference, PROCEEDINGS, (Part II.)

ISBN

978-80-248-3631-7

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

335-343

Název nakladatele

Neuveden

Místo vydání

Neuveden

Místo konání akce

Ostrava

Datum konání akce

8. 9. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000350605800041