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The Success of Business Failure Prediction Using Financial Creditworthy Models

Konferenční objektpeer-reviewedpostprint
Náhled

Datum publikování

2016

Vedoucí práce

Oponent

Název časopisu

Název svazku

Vydavatel

Masarykova univerzita

Abstrakt

Financial creditworthy models are popular for their simplicity and fast applications. Above all, quantitative evaluation of financial health guarantees an unbiased assessment of company. On the other hand, these models do not take into account the soft factors. Probably, the most famous Czech financial models known as creditworthy are Credibility Index, Rudolf Doucha´s Balance analysis, and Kralicek´s Q-test. They were created for the purpose of assessing the creditworthiness usually without using statistical methods. Can they be used for prediction of business failure despite this drawback? What is their success rate? Which of these classic financial models achieves the highest accuracy? To find answers a dataset of financial statements of 92 companies in manufacturing industry was analysed. These companies went bankrupt between 2010-2014.

Rozsah stran

p. 413-419

ISSN

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Projekt

Zdrojový dokument

European Financial Systems 2016 : proceedings of the 13th International Scientific Conference

Vydavatelská verze

http://is.muni.cz/do/econ/sborniky/2016/EFS2016-Proceedings_final_September_19_final.pdf

Přístup k e-verzi

open access

Název akce

13th International Scientific Conference of the European Financial Systems (27.06.2016 - 28.06.2016)

ISBN

978-80-210-8308-0

Studijní obor

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Signatura tištěné verze

Umístění tištěné verze

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Klíčová slova

Credibility Index, Rudolf Doucha´s Balance analysis, Kralicek´s Q-test, failure, predictive power, Index bonity, Bilanční analýza Rudolfa Douchy, Kralickův Q-test, úpadek, predikční schopnost

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