Publication result detail

Bankruptcy Prediction Model of Industrial Enterprises in the Czech Republic

KARAS, M.; REŽŇÁKOVÁ, M.

Original Title

Bankruptcy Prediction Model of Industrial Enterprises in the Czech Republic

English Title

Bankruptcy Prediction Model of Industrial Enterprises in the Czech Republic

Type

Peer-reviewed article not indexed in WoS or Scopus

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.

English 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

Key words in English

bankruptcy prediction, discriminant analysis, Box- Cox data transformation, forward and backward discrimination, classification function

Authors

KARAS, M.; REŽŇÁKOVÁ, M.

RIV year

2014

Released

16.05.2013

ISBN

1998-0140

Periodical

INTERNATIONAL JOURNAL of MATHEMATICAL MODELS AND METHODS IN APPLIED SCIENCES

Volume

7

Number

5

State

United States of America

Pages from

519

Pages to

531

Pages count

13

Full text in the Digital Library

http://hdl.handle.net/

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"
}