The Prediction Capabilities of Bankruptcy Models in a Different Environment: An example of the Altman Model under the Conditions in the Visegrad Group Countries

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F15%3APU116013" target="_blank" >RIV/00216305:26510/15:PU116013 - 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

The Prediction Capabilities of Bankruptcy Models in a Different Environment: An example of the Altman Model under the Conditions in the Visegrad Group Countries

Popis výsledku v původním jazyce

This paper presents the results of research into the discrimination capability of the Altman bankruptcy model. The authors are contributing in this way to discussion of the possible transferability of models that have been created in a different environment or a different time period. Efforts at model transfer are motivated by an assumption to obtain the same or similar discrimination accuracy for the given model as that declared by its creators. The tests performed have clearly shown that the discrimination accuracy of a model falls significantly when it is used in a different environment. This led in turn to an investigation of ways in which the discrimination capability of a model may be increased by means of the determination of new weightings for model variables and grey-zone boundaries. The accuracy of the original models was not attained, although an increase was seen in the discrimination accuracy of these models.

Název v anglickém jazyce

The Prediction Capabilities of Bankruptcy Models in a Different Environment: An example of the Altman Model under the Conditions in the Visegrad Group Countries

Popis výsledku anglicky

This paper presents the results of research into the discrimination capability of the Altman bankruptcy model. The authors are contributing in this way to discussion of the possible transferability of models that have been created in a different environment or a different time period. Efforts at model transfer are motivated by an assumption to obtain the same or similar discrimination accuracy for the given model as that declared by its creators. The tests performed have clearly shown that the discrimination accuracy of a model falls significantly when it is used in a different environment. This led in turn to an investigation of ways in which the discrimination capability of a model may be increased by means of the determination of new weightings for model variables and grey-zone boundaries. The accuracy of the original models was not attained, although an increase was seen in the discrimination accuracy of these models.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50201 - Economic Theory

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

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

Název periodika

Journal of Economics

ISSN

0013-3035

e-ISSN

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Svazek periodika

63

Číslo periodika v rámci svazku

6

Stát vydavatele periodika

SK - Slovenská republika

Počet stran výsledku

17

Strana od-do

617-633

Kód UT WoS článku

000364616300004

EID výsledku v databázi Scopus

2-s2.0-84974829802