Bankruptcy risk, firm size, and firm profitability: a dynamic panel data approach

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F23%3A63567378" target="_blank" >RIV/70883521:28120/23:63567378 - isvavai.cz</a>

Výsledek na webu

<a href="https://dx.doi.org/10.1504/IJSE.2023.129831" target="_blank" >https://dx.doi.org/10.1504/IJSE.2023.129831</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1504/IJSE.2023.129831" target="_blank" >10.1504/IJSE.2023.129831</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Bankruptcy risk, firm size, and firm profitability: a dynamic panel data approach

Popis výsledku v původním jazyce

The main purpose of this study is to examine the impacts of bankruptcy risk of small and medium enterprises (SMEs) and large firms on firm profitability. By employing the secondary data from the CRIBIS database of the Czech firms from the ten sectors, the bankruptcy risk is measured by Altman model and Springate model. This is the first study examining the impacts of the firm size on firm profitability by simultaneously employing the Altman and Springate models. We employed the two-step system generalised method of moments (GMM) to estimate the regression models. The findings revealed three important results: 1) there is a positive relationship between the bankruptcy models and firm profitability; 2) SMEs earn more profits than large firms; 3) the bankruptcy risk for SMEs is higher than the large firms.

Název v anglickém jazyce

Bankruptcy risk, firm size, and firm profitability: a dynamic panel data approach

Popis výsledku anglicky

The main purpose of this study is to examine the impacts of bankruptcy risk of small and medium enterprises (SMEs) and large firms on firm profitability. By employing the secondary data from the CRIBIS database of the Czech firms from the ten sectors, the bankruptcy risk is measured by Altman model and Springate model. This is the first study examining the impacts of the firm size on firm profitability by simultaneously employing the Altman and Springate models. We employed the two-step system generalised method of moments (GMM) to estimate the regression models. The findings revealed three important results: 1) there is a positive relationship between the bankruptcy models and firm profitability; 2) SMEs earn more profits than large firms; 3) the bankruptcy risk for SMEs is higher than the large firms.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název periodika

International Journal of Sustainable Economy

ISSN

1756-5804

e-ISSN

1756-5812

Svazek periodika

15

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CH - Švýcarská konfederace

Počet stran výsledku

19

Strana od-do

186-204

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85153733732