Detail publikace

Can the same indicators serve for the prediction of bankruptcy in a different environment?

KARAS, M. REŽŇÁKOVÁ, M.

Originální název

Can the same indicators serve for the prediction of bankruptcy in a different environment?

Typ

článek ve sborníku ve WoS nebo Scopus

Jazyk

angličtina

Originální abstrakt

This paper presents the results of research into the prediction capability of financial proportional indicators on companies operating in different environments. The subject of the research are indicators used in the Z-score model which is considered a model with good prediction capability by many contemporary authors. Our research has shown that the prediction capability of this model is lower than that declared by the author. This finding led us to an investigation of the prediction capability of individual model variables in an attempt to determine whether the lower prediction accuracy of the model may be influenced by the variables used. The research was conducted on the basis of data on companies in the manufacturing industry in Visegrad Four countries for the years 2006 to 2012 obtained from the AMADEUS database. The results demonstrated the differing significance of variables in the individual countries which indicates the necessity of creating original models for each country.

Klíčová slova

Z-score, Altman model, bankruptcy prediction, financial ratios, corporate failure

Autoři

KARAS, M.; REŽŇÁKOVÁ, M.

Rok RIV

2014

Vydáno

22. 11. 2014

ISBN

978-80-248-3631-7

Kniha

Managing and Modelling of Financial Risks 7th International Scientific Conference, PROCEEDINGS, (Part II.)

Strany od

335

Strany do

343

Strany počet

9

BibTex

@inproceedings{BUT110703,
  author="Michal {Karas} and Mária {Režňáková}",
  title="Can the same indicators serve for the prediction of bankruptcy in a different environment?",
  booktitle="Managing and Modelling of Financial Risks 7th International Scientific Conference, PROCEEDINGS, (Part II.)",
  year="2014",
  pages="335--343",
  isbn="978-80-248-3631-7"
}