Risk areas of the financial health assessment in agriculture

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F16%3A43891414" target="_blank" >RIV/60076658:12510/16:43891414 - isvavai.cz</a>

Výsledek na webu

—

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

Risk areas of the financial health assessment in agriculture

Popis výsledku v původním jazyce

In the field of agriculture, there are a lot of specifics reflected in the value of items in financial statements, and thus in the results of financial health assessment of a company through bankruptcy and credibility models. This assessment, which can be partly influenced by the company itself, does not provide the information necessary for investors, owners and the public. This article focuses on the assessment of financial health of agricultural enterprises in the Czech Republic. It determines the most and the least controllable parameters included in financial health assessment. The reliability of the selected models was also evaluated. The selected models include IN 05, Gurčík model, CH-index and the Řezbová OP model for the Operational Programme Rural Development. This reliability was tested on data from 200 enterprises which were in bankruptcy or liquidation at the time of the assessment. The data were taken from the Albertina Gold database. The third part includes a regression analysis of these four models to determine which indicators, both individual and mutual, are statistically significant for the outcome of the model and which of them influence the level of the assessment to the greatest extent. These two analyses were carried out on nearly 10,000 data entries from the Albertina Gold database. The values of assets and profit seem to be the most easily influenced. These values can be influenced by the choice of a depreciation method, creation of provisions and adjustments, but also by specific valuation that is largely done through calculations in agriculture. The most important indicators are profit and a group of indicators related to the enterprise's debt, such as interest payable, current liabilities and total debt

Název v anglickém jazyce

Risk areas of the financial health assessment in agriculture

Popis výsledku anglicky

In the field of agriculture, there are a lot of specifics reflected in the value of items in financial statements, and thus in the results of financial health assessment of a company through bankruptcy and credibility models. This assessment, which can be partly influenced by the company itself, does not provide the information necessary for investors, owners and the public. This article focuses on the assessment of financial health of agricultural enterprises in the Czech Republic. It determines the most and the least controllable parameters included in financial health assessment. The reliability of the selected models was also evaluated. The selected models include IN 05, Gurčík model, CH-index and the Řezbová OP model for the Operational Programme Rural Development. This reliability was tested on data from 200 enterprises which were in bankruptcy or liquidation at the time of the assessment. The data were taken from the Albertina Gold database. The third part includes a regression analysis of these four models to determine which indicators, both individual and mutual, are statistically significant for the outcome of the model and which of them influence the level of the assessment to the greatest extent. These two analyses were carried out on nearly 10,000 data entries from the Albertina Gold database. The values of assets and profit seem to be the most easily influenced. These values can be influenced by the choice of a depreciation method, creation of provisions and adjustments, but also by specific valuation that is largely done through calculations in agriculture. The most important indicators are profit and a group of indicators related to the enterprise's debt, such as interest payable, current liabilities and total debt

Druh

D - Stať ve sborníku

CEP obor

GA - Zemědělská ekonomie

OECD FORD obor

—

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

AGRARIAN PERSPECTIVES XXV. Global and European Challenges for Food Production, Agribusiness and the Rural Economy.

ISBN

—

ISSN

2464-4781

e-ISSN

—

Počet stran výsledku

8

Strana od-do

236-243

Název nakladatele

Česká zemědělská univerzita v Praze, Provozně ekonomická fakulta

Místo vydání

Praha

Místo konání akce

Praha 6 - Suchdol

Datum konání akce

14. 9. 2016

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

—