The Use and Comparison of Survival Models for Corporate Bankruptcies

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F17%3A10237858" target="_blank" >RIV/61989100:27510/17:10237858 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.ekf.vsb.cz/frpfi/cs/sbornik_prispevku/" target="_blank" >https://www.ekf.vsb.cz/frpfi/cs/sbornik_prispevku/</a>

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

The Use and Comparison of Survival Models for Corporate Bankruptcies

Popis výsledku v původním jazyce

The paper is focused on the use of survival analysis for the modelling of time to event data. The main aim of this paper is to analyse the time to corporate bankruptcy, estimate multivariable survival models using different approaches of survival analysis and compare the resulting models. In this paper, there are three models used for the analysis of corporate bankruptcies from the construction sector in the Czech Republic, the semi-parametric Cox proportional hazard model, parametric exponential model and Weibull model. The empirical results of all approaches used in the analysis provide evidence that there are five key financial variables of size, return, coverage, turnover and liquidity with a significant effect on the hazard of corporate bankruptcy. The main contribution of this paper is the comparison of models estimated via three different methods of survival analysis and the identification of financial ratios with a significant effect on time to corporate bankruptcy.

Název v anglickém jazyce

The Use and Comparison of Survival Models for Corporate Bankruptcies

Popis výsledku anglicky

The paper is focused on the use of survival analysis for the modelling of time to event data. The main aim of this paper is to analyse the time to corporate bankruptcy, estimate multivariable survival models using different approaches of survival analysis and compare the resulting models. In this paper, there are three models used for the analysis of corporate bankruptcies from the construction sector in the Czech Republic, the semi-parametric Cox proportional hazard model, parametric exponential model and Weibull model. The empirical results of all approaches used in the analysis provide evidence that there are five key financial variables of size, return, coverage, turnover and liquidity with a significant effect on the hazard of corporate bankruptcy. The main contribution of this paper is the comparison of models estimated via three different methods of survival analysis and the identification of financial ratios with a significant effect on time to corporate bankruptcy.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název statě ve sborníku

Financial Management of Firms and Financial Institutions : 11th international scientific conference : 6th - 7th September 2017, Ostrava, Czech Republic : proceedings.

ISBN

978-80-248-4138-0

ISSN

—

e-ISSN

2336-162X

Počet stran výsledku

9

Strana od-do

644-652

Název nakladatele

VŠB - Technická univerzita Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

6. 9. 2017

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000508278200079