Detail publikace

The potential of dynamic indicator in development of the bankruptcy prediction models: the case of construction companies

KARAS, M. REŽŇÁKOVÁ, M.

Originální název

The potential of dynamic indicator in development of the bankruptcy prediction models: the case of construction companies

Typ

článek v časopise ve Scopus, Jsc

Jazyk

angličtina

Originální abstrakt

The current development of bankruptcy models usually goes in the direction of testing different classification algorithms, while the potential hidden in financial indicators is given less attention. Their analysis is often only restricted to the comparison between their respective statuses in bankrupt and healthy companies, while the dynamics of the indicators, i.e. the change in their values in time, is not paid much attention. The aim or our research is to analyse partial potential of financial ratios for predicting bankruptcy. Twenty‑eight indicators were examined in a sample of 1,355 construction companies operating in the Czech Republic, as well as their development over the past five periods. A non‑parametric chi‑square test was used to evaluate the significance of predictors. The variables were categorised for the application of the test. Our research confirmed the assumption as to the importance of using the indicators in dynamic (change) form. Indicators that are significant only in their change form were identified. Moreover, the use of the dynamic form of the indicators can increase the significance of the bankruptcy model. This was tested by using the stepwise version of linear discrimination analysis.

Klíčová slova

construction companies, bankruptcy prediction, financial ratio, dynamic indicators, linear discrimination analysis, model accuracy

Autoři

KARAS, M.; REŽŇÁKOVÁ, M.

Vydáno

28. 4. 2017

Nakladatel

Mendel University Press

ISSN

1211-8516

Periodikum

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis

Ročník

65

Číslo

2

Stát

Česká republika

Strany od

641

Strany do

652

Strany počet

12

URL

https://acta.mendelu.cz/65/2/0641/

Plný text v Digitální knihovně

http://hdl.handle.net/11012/68346

BibTex

@article{BUT134070,
  author="Michal {Karas} and Mária {Režňáková}",
  title="The potential of dynamic indicator in development of the bankruptcy prediction models: the case of construction companies",
  journal="Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis",
  year="2017",
  volume="65",
  number="2",
  pages="641--652",
  doi="10.11118/actaun201765020641",
  issn="1211-8516",
  url="https://acta.mendelu.cz/65/2/0641/"
}