The potential of dynamic indicator in development of the bankruptcy prediction models: the case of construction companies

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F17%3APU122996" target="_blank" >RIV/00216305:26510/17:PU122996 - isvavai.cz</a>

Výsledek na webu

<a href="https://acta.mendelu.cz/65/2/0641/" target="_blank" >https://acta.mendelu.cz/65/2/0641/</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.11118/actaun201765020641" target="_blank" >10.11118/actaun201765020641</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The potential of dynamic indicator in development of the bankruptcy prediction models: the case of construction companies

Popis výsledku v původním jazyce

The current development of bankruptcy models usually goes in the direction of testing different classification algorithms, while the potential hidden in financial indicators is given less attention. Their analysis is often only restricted to the comparison between their respective statuses in bankrupt and healthy companies, while the dynamics of the indicators, i.e. the change in their values in time, is not paid much attention. The aim or our research is to analyse partial potential of financial ratios for predicting bankruptcy. Twenty‑eight indicators were examined in a sample of 1,355 construction companies operating in the Czech Republic, as well as their development over the past five periods. A non‑parametric chi‑square test was used to evaluate the significance of predictors. The variables were categorised for the application of the test. Our research confirmed the assumption as to the importance of using the indicators in dynamic (change) form. Indicators that are significant only in their change form were identified. Moreover, the use of the dynamic form of the indicators can increase the significance of the bankruptcy model. This was tested by using the stepwise version of linear discrimination analysis.

Název v anglickém jazyce

The potential of dynamic indicator in development of the bankruptcy prediction models: the case of construction companies

Popis výsledku anglicky

The current development of bankruptcy models usually goes in the direction of testing different classification algorithms, while the potential hidden in financial indicators is given less attention. Their analysis is often only restricted to the comparison between their respective statuses in bankrupt and healthy companies, while the dynamics of the indicators, i.e. the change in their values in time, is not paid much attention. The aim or our research is to analyse partial potential of financial ratios for predicting bankruptcy. Twenty‑eight indicators were examined in a sample of 1,355 construction companies operating in the Czech Republic, as well as their development over the past five periods. A non‑parametric chi‑square test was used to evaluate the significance of predictors. The variables were categorised for the application of the test. Our research confirmed the assumption as to the importance of using the indicators in dynamic (change) form. Indicators that are significant only in their change form were identified. Moreover, the use of the dynamic form of the indicators can increase the significance of the bankruptcy model. This was tested by using the stepwise version of linear discrimination analysis.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název periodika

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis

ISSN

1211-8516

e-ISSN

2464-8310

Svazek periodika

65

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

12

Strana od-do

641-652

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85018442294