The Role of Apparent Signs of Financial Distress in Test Samples and Verification Samples of Bankrupt Models
Konferenční objektpeer-reviewedpostprintSoubory
Datum publikování
2018
Vedoucí práce
Oponent
Název časopisu
Název svazku
Vydavatel
Masarykova univerzita
Abstrakt
Financial bankrupt models are characterized as quite accurate and above all very fast tools for quantitative evaluation of financial health of company. The creators report the accuracy of the predicted bankruptcy usually in the range of 70 to 90%. But the problem of bankruptcy models is the test sample on which the models were created. The sample affects the predictive power of these models. Usually indicated accuracy rate differs from the real predictive power of these models. The financial distress of certain businesses may be obvious even without the use of bankruptcy models. Apparent signs of financial distress may be insolvency, negative equity, VAT unreliability, negative economic result for several years in a row. Survey conducted by more than 270 companies has shown that more businesses with apparent signs of financial distress in the sample increase the reported accuracy of the bankruptcy model. The research carried out also has determined the real accuracy of selected bankruptcy models on the standard sample of Czech firms and also on a sample of companies where companies with obvious signs of financial distress were eliminated. Due to the modification of the test sample subsequently the accuracy of the selected models changed radically.
Rozsah stran
p. 341-347
ISSN
Trvalý odkaz na tento záznam
Projekt
SGS_2018_013/Zdroje, dostupnost, kvalita, stabilita a možnosti zpracování informací pro rozhodování finančního managementu v třetím tisíciletí
Zdrojový dokument
European Financial Systems 2018 : Proceedings of the 15th International Scientific Conference
Vydavatelská verze
https://is.muni.cz/do/econ/sborniky/2018/Proceedings_finalni_verze_September_3.pdf
Přístup k e-verzi
open access
Název akce
European Financial Systems 2018 (25.06.2018 - 26.06.2018, Brno)
ISBN
978-80-210-8980-8
Studijní obor
Studijní program
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Umístění tištěné verze
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Klíčová slova
bankrupt models, financial distress, prediction, bankrotní modely, finanční úpadek, predikce