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Publication detail
KARAS, M. REŽŇÁKOVÁ, M.
Original Title
Bankruptcy Prediction Model of Industrial Enterprises in the Czech Republic
Type
journal article - other
Language
English
Original Abstract
Imminent bankruptcy endangers the owners and employees of a bankrupting company as well as its creditors such as other companies and banks. The number of the Czech companies going bankrupt from 2008 to 2011was three to four times higher, which makes it even more necessary to look for early-warning tools. Based on an analysis of the financial statements of Czech industrial enterprises submitted between 2007 and 2010, a bankruptcy prediction model has been devised with a classification precision ranging from 94.03to 97.79 percent.It can identify bankruptcy with a confidence of 90 percent even three years ahead.
Keywords
bankruptcy prediction, discriminant analysis, Box- Cox data transformation, forward and backward discrimination, classification function
Authors
KARAS, M.; REŽŇÁKOVÁ, M.
RIV year
2013
Released
16. 5. 2013
ISBN
1998-0140
Periodical
INTERNATIONAL JOURNAL of MATHEMATICAL MODELS AND METHODS IN APPLIED SCIENCES
Year of study
7
Number
5
State
United States of America
Pages from
519
Pages to
531
Pages count
13
BibTex
@article{BUT99822, author="Michal {Karas} and Mária {Režňáková}", title="Bankruptcy Prediction Model of Industrial Enterprises in the Czech Republic", journal="INTERNATIONAL JOURNAL of MATHEMATICAL MODELS AND METHODS IN APPLIED SCIENCES", year="2013", volume="7", number="5", pages="519--531", issn="1998-0140" }