Reliability of models predicting financial distress – Czech models and models from developed economies

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Reliability of models predicting financial distress – Czech models and models from developed economies

Popis výsledku v původním jazyce

This paper is focused on the topic of models predicting financial distress. These approaches are also known as bankruptcy models. The aim of this paper is to compare results for models created in different conditions. On one hand there are national approaches (in our case Czech formulas), on the other hand there are models from developed economies. Formulas from developed economies were created sooner and they are based on financial accounting data of publicly traded enterprises or at least of enterprises operating on the most developed markets. Czech models were created later after replacing centrally planned economy by market economy when the entities had been started to be exposed to the risk of business default. Although there exist critiques against using models predicting financial distress in different time, area and other conditions this research would like to prove that models from developed economies have enough accuracy also for the Czech businesses. The analysis uses methods as Type I Error and Type II Error. The models are verified on the financial accounting of Czech enterprises classified as defaulted as well as non-defaulted.

Název v anglickém jazyce

Reliability of models predicting financial distress – Czech models and models from developed economies

Popis výsledku anglicky

This paper is focused on the topic of models predicting financial distress. These approaches are also known as bankruptcy models. The aim of this paper is to compare results for models created in different conditions. On one hand there are national approaches (in our case Czech formulas), on the other hand there are models from developed economies. Formulas from developed economies were created sooner and they are based on financial accounting data of publicly traded enterprises or at least of enterprises operating on the most developed markets. Czech models were created later after replacing centrally planned economy by market economy when the entities had been started to be exposed to the risk of business default. Although there exist critiques against using models predicting financial distress in different time, area and other conditions this research would like to prove that models from developed economies have enough accuracy also for the Czech businesses. The analysis uses methods as Type I Error and Type II Error. The models are verified on the financial accounting of Czech enterprises classified as defaulted as well as non-defaulted.

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

Innovation Management and Education Excellence Vision 2020: From Regional Development Sustainability to Global Economic Growth

ISBN

978-0-9860419-6-9

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

1720-1725

Název nakladatele

IBIMA

Místo vydání

Norristown

Místo konání akce

Miláno

Datum konání akce

4. 5. 2016

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000381172300191