Time Postponents of Classical Corporate Bankruptcy Models

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

Time Postponents of Classical Corporate Bankruptcy Models

Popis výsledku v původním jazyce

This paper focuses on an issue of prediction corporate bankruptcy or default. There exist several approaches how to predict or forecast this unfavourable enterprise situation. One approach can be presented by bankruptcy models (also known as models predicting financial distress) which were created on the basis of financial accounting data by a technique as discriminant analysis. The basic aim of this contribution is not to solve a general models' accuracy. This paper focuses on time postponements or delays of the prediction. On one hand the accurate models are able to predict the future enterprise situation from the point of view of financial distress on the other hand their strengths is connected with the issue how in time they are able. This contribution will provide verification for three different time moments – two years, three and four years prior to bankruptcy. The data set consists of enterprises belonging to CZ-NACE F Construction which went bankrupt according to the Czech insolvency law. The results will show strengths of classical corporate bankruptcy models often used in the Czech Republic as Altman Z-Score, family of IN indices and several others.

Název v anglickém jazyce

Time Postponents of Classical Corporate Bankruptcy Models

Popis výsledku anglicky

This paper focuses on an issue of prediction corporate bankruptcy or default. There exist several approaches how to predict or forecast this unfavourable enterprise situation. One approach can be presented by bankruptcy models (also known as models predicting financial distress) which were created on the basis of financial accounting data by a technique as discriminant analysis. The basic aim of this contribution is not to solve a general models' accuracy. This paper focuses on time postponements or delays of the prediction. On one hand the accurate models are able to predict the future enterprise situation from the point of view of financial distress on the other hand their strengths is connected with the issue how in time they are able. This contribution will provide verification for three different time moments – two years, three and four years prior to bankruptcy. The data set consists of enterprises belonging to CZ-NACE F Construction which went bankrupt according to the Czech insolvency law. The results will show strengths of classical corporate bankruptcy models often used in the Czech Republic as Altman Z-Score, family of IN indices and several others.

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

The 11th International Days of Statistics and Economics, Conference Proceedings

ISBN

978-80-87990-12-4

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

264-272

Název nakladatele

Libuše Macáková, MELANDRIUM

Místo vydání

Slaný

Místo konání akce

Praha

Datum konání akce

14. 9. 2017

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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