Detail publikace

The Prediction Capabilities of Bankruptcy Models in a Different Environment: An example of the Altman Model under the Conditions in the Visegrad Group Countries

REŽŇÁKOVÁ, M. KARAS, M.

Originální název

The Prediction Capabilities of Bankruptcy Models in a Different Environment: An example of the Altman Model under the Conditions in the Visegrad Group Countries

Typ

článek v časopise ve Web of Science, Jimp

Jazyk

angličtina

Originální abstrakt

This paper presents the results of research into the discrimination capability of the Altman bankruptcy model. The authors are contributing in this way to discussion of the possible transferability of models that have been created in a different environment or a different time period. Efforts at model transfer are motivated by an assumption to obtain the same or similar discrimination accuracy for the given model as that declared by its creators. The tests performed have clearly shown that the discrimination accuracy of a model falls significantly when it is used in a different environment. This led in turn to an investigation of ways in which the discrimination capability of a model may be increased by means of the determination of new weightings for model variables and grey-zone boundaries. The accuracy of the original models was not attained, although an increase was seen in the discrimination accuracy of these models.

Klíčová slova

bankruptcy prediction model transferability; linear discrimination analysis; Wilcoxon test; bootstrap

Autoři

REŽŇÁKOVÁ, M.; KARAS, M.

Rok RIV

2015

Vydáno

30. 9. 2015

Nakladatel

Ekonomický ústav SAV

Místo

Bratislava

ISSN

0013-3035

Periodikum

Journal of Economics

Ročník

63

Číslo

6

Stát

Slovenská republika

Strany od

617

Strany do

633

Strany počet

17

BibTex

@article{BUT117919,
  author="Mária {Režňáková} and Michal {Karas}",
  title="The Prediction Capabilities of Bankruptcy Models in a Different Environment: An example of the Altman Model under the Conditions in the Visegrad Group Countries
",
  journal="Journal of Economics",
  year="2015",
  volume="63",
  number="6",
  pages="617--633",
  issn="0013-3035"
}