Using wage productivity indicators to predict bankruptcy

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F17%3A43895844" target="_blank" >RIV/60076658:12510/17:43895844 - 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

Using wage productivity indicators to predict bankruptcy

Popis výsledku v původním jazyce

The aim of the paper is to verify the possibilities of wage productivity indicators for the prediction of bankruptcy. Enterprise bankruptcy prediction models are based on the hypothesis that the financial difficulty of an enterprise may be identified by certain sig-nals that may be reflected in the ratios of financial ratios before it actually becomes apparent. The sample comprised of businesses that were proposed for insolvency pro-ceedings from 2011 to 2015 and an equally large sample of businesses that were not proposed for insolvency proceedings between 2011 and 2015. Reliability of wage productivity indicators is compared to the reliability of indicators contained in the Altman Z &apos;index. It is evaluated not only the level of indicators in the year before the possible bankruptcy, but also their dynamics are evaluated. Estimation of the probability of a misstatement was made by re-substitution, i.e. the classifier is used to sort those units on which it was obtained. The results show that wage productivity indicators, respec-tively. Wage returns, which are based on a certain category of profit, are good predic-tors of the company&apos;s future bankruptcy. On the other hand, wage productivity indicators based on revenues related to personal costs and asset turnover rates are not appropriate to use as an indicator of future bankruptcy.

Název v anglickém jazyce

Using wage productivity indicators to predict bankruptcy

Popis výsledku anglicky

The aim of the paper is to verify the possibilities of wage productivity indicators for the prediction of bankruptcy. Enterprise bankruptcy prediction models are based on the hypothesis that the financial difficulty of an enterprise may be identified by certain sig-nals that may be reflected in the ratios of financial ratios before it actually becomes apparent. The sample comprised of businesses that were proposed for insolvency pro-ceedings from 2011 to 2015 and an equally large sample of businesses that were not proposed for insolvency proceedings between 2011 and 2015. Reliability of wage productivity indicators is compared to the reliability of indicators contained in the Altman Z &apos;index. It is evaluated not only the level of indicators in the year before the possible bankruptcy, but also their dynamics are evaluated. Estimation of the probability of a misstatement was made by re-substitution, i.e. the classifier is used to sort those units on which it was obtained. The results show that wage productivity indicators, respec-tively. Wage returns, which are based on a certain category of profit, are good predic-tors of the company&apos;s future bankruptcy. On the other hand, wage productivity indicators based on revenues related to personal costs and asset turnover rates are not appropriate to use as an indicator of future bankruptcy.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název statě ve sborníku

Region in the Development of Society 2017

ISBN

978-80-7509-548-0

ISSN

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e-ISSN

neuvedeno

Počet stran výsledku

8

Strana od-do

1002-1009

Název nakladatele

Mendelova univerzita v Brně, Fakulta regionálního rozvoje a mezinárodních studií

Místo vydání

Brno

Místo konání akce

Brno

Datum konání akce

19. 10. 2016

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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