ARE BANKRUPTCY MODELS A GOOD PREDICTOR OF FIRM FINANCIAL DISTRESS OF TRAVEL AGENTS IN THE CZECH REPUBLIC?

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F71226401%3A_____%2F19%3AN0100298" target="_blank" >RIV/71226401:_____/19:N0100298 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.scientific-publications.net/get/1000037/1570290888805512.pdf" target="_blank" >https://www.scientific-publications.net/get/1000037/1570290888805512.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

ARE BANKRUPTCY MODELS A GOOD PREDICTOR OF FIRM FINANCIAL DISTRESS OF TRAVEL AGENTS IN THE CZECH REPUBLIC?

Popis výsledku v původním jazyce

Assessing financial performance of the firm and diagnosing and predicting the potential financial distress is very important for good firm governance. The bankruptcy models are one of the relative simple methods for testing the firm financial health. This study aims to test the reliability of selected bankruptcy models as a predictor of financial distress of Czech travel agencies and tour operator. Altman Z´-Score, Z´´-Score models and index IN05 are employed as the tested bankruptcy models. The data are obtained from the database Albertina CZ Gold Edition and the final sample contains data for 368 firms which represent approximately 9 percent travel agencies and tour operators in the Czech Republic. The results show that the predictive ability of the individual bankruptcy models vary significantly for the subsector of Czech travel agencies and tour operators. Altman Z´´-Score model and index IN05 prove to be relative suitable predictor of financial distress under certain conditions. On the other hand, the reliability of Altman Z´-Score model is weak.

Název v anglickém jazyce

ARE BANKRUPTCY MODELS A GOOD PREDICTOR OF FIRM FINANCIAL DISTRESS OF TRAVEL AGENTS IN THE CZECH REPUBLIC?

Popis výsledku anglicky

Assessing financial performance of the firm and diagnosing and predicting the potential financial distress is very important for good firm governance. The bankruptcy models are one of the relative simple methods for testing the firm financial health. This study aims to test the reliability of selected bankruptcy models as a predictor of financial distress of Czech travel agencies and tour operator. Altman Z´-Score, Z´´-Score models and index IN05 are employed as the tested bankruptcy models. The data are obtained from the database Albertina CZ Gold Edition and the final sample contains data for 368 firms which represent approximately 9 percent travel agencies and tour operators in the Czech Republic. The results show that the predictive ability of the individual bankruptcy models vary significantly for the subsector of Czech travel agencies and tour operators. Altman Z´´-Score model and index IN05 prove to be relative suitable predictor of financial distress under certain conditions. On the other hand, the reliability of Altman Z´-Score model is weak.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2019

Kód důvěrnosti údajů

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

Název periodika

Journal of International Scientific Publications - Economy & Business

ISSN

1314-7242

e-ISSN

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Svazek periodika

13

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

7

Strana od-do

87-93

Kód UT WoS článku

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EID výsledku v databázi Scopus

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