Survival Analysis of Corporate Defaults in the Czech Construction Sector

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86094520" target="_blank" >RIV/61989100:27510/15:86094520 - isvavai.cz</a>

Výsledek na webu

<a href="http://icfb.rs.opf.slu.cz/sites/icfb.rs.opf.slu.cz/files/novotna.pdf" target="_blank" >http://icfb.rs.opf.slu.cz/sites/icfb.rs.opf.slu.cz/files/novotna.pdf</a>

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

Survival Analysis of Corporate Defaults in the Czech Construction Sector

Popis výsledku v původním jazyce

Survival analysis is a statistical technique which can be used for the analysis of time to event data. The purpose of this study is to provide a specific application of survival analysis in the area of credit risk. The aim of this paper is to analyse thetime to default and explore the effect of selected variables on time to corporate failures. Survival analysis in this study is based on modelling the time interval between foundation of the company and its bankruptcy. In this paper, two survival modelsare estimated by the Cox proportional hazard model, including a model with quadratic terms. The overall results of the analysis suggest there are certain financial variables with a significant effect on survivorship of Czech construction firms. The empirical results provide evidence that selected indicators of return, coverage, turnover and liquidity can be considered as key variables in the hazard of corporate bankruptcy. Thus, the main contribution of this paper is in examining the sur

Název v anglickém jazyce

Survival Analysis of Corporate Defaults in the Czech Construction Sector

Popis výsledku anglicky

Survival analysis is a statistical technique which can be used for the analysis of time to event data. The purpose of this study is to provide a specific application of survival analysis in the area of credit risk. The aim of this paper is to analyse thetime to default and explore the effect of selected variables on time to corporate failures. Survival analysis in this study is based on modelling the time interval between foundation of the company and its bankruptcy. In this paper, two survival modelsare estimated by the Cox proportional hazard model, including a model with quadratic terms. The overall results of the analysis suggest there are certain financial variables with a significant effect on survivorship of Czech construction firms. The empirical results provide evidence that selected indicators of return, coverage, turnover and liquidity can be considered as key variables in the hazard of corporate bankruptcy. Thus, the main contribution of this paper is in examining the sur

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

<a href="/cs/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Výzkumný tým pro modelování ekonomických a finančních procesů na VŠB-TU Ostrava</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>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 statě ve sborníku

Proceedings of the 15th International Conference on Finance and Banking

ISBN

978-80-7510-186-0

ISSN

—

e-ISSN

—

Počet stran výsledku

9

Strana od-do

277-285

Název nakladatele

Silesian University in Opava, School of Business Administration in Karviná

Místo vydání

Karviná

Místo konání akce

Praha

Datum konání akce

13. 10. 2015

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

—