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KARAS, M. REŽŇÁKOVÁ, M.
Originální název
Are the bankruptcy predictors specific for a given time or branch? The evidence from the czech manufacturing and construction companies.
Typ
článek ve sborníku ve WoS nebo Scopus
Jazyk
angličtina
Originální abstrakt
Bankruptcy is still an up to date topic, as still many companies go bankrupt. Many scientific efforts have been dedicated to creating a more accurate model by to analyzing different sets of predictors (variables of the model) or a different set of methods. Previous work showed that these models are less effective in application in alternative branch or time. In this paper we test a smof several ratios used in bankruptcy prediction models on a large sample of Czech companies from two branches – manufacturing and construction. We found that the predictor’s significance varies considerably between the analyzed branches. In other word we found that some predictors are specific for a given branch. In addition, we found only one predictor significant in both branches for a given moments prior bankruptcy. The results suggest that a different or modified set of predictors should be used for predicting bankruptcy in alternative branch.
Klíčová slova
bankruptcy prediction models, financial ratios, model robustness, manufacturing, construction
Autoři
KARAS, M.; REŽŇÁKOVÁ, M.
Rok RIV
2015
Vydáno
23. 4. 2015
Místo
Zlín, Česká republika
ISBN
978-80-7454-482-8
Kniha
Proceedings of the 7th International Scientific Conference: FINANCE AND PERFORMANCE OF FIRMS IN SCIENCE,EDUCATION AND PRACTICE
Strany od
571
Strany do
583
Strany počet
13
URL
http://www.ufu.utb.cz/konference/sbornik2015.pdf
BibTex
@inproceedings{BUT118187, author="Michal {Karas} and Mária {Režňáková}", title="Are the bankruptcy predictors specific for a given time or branch? The evidence from the czech manufacturing and construction companies.", booktitle="Proceedings of the 7th International Scientific Conference: FINANCE AND PERFORMANCE OF FIRMS IN SCIENCE,EDUCATION AND PRACTICE", year="2015", pages="571--583", address="Zlín, Česká republika", isbn="978-80-7454-482-8", url="http://www.ufu.utb.cz/konference/sbornik2015.pdf" }