Comparison of Bankruptcy Prediction Models in Relation to SME segment in the Czech Republic
| Authors | |
|---|---|
| Year of publication | 2017 |
| Type | Article in Proceedings |
| Conference | 20th Annual International Conference ENTERPRISE AND COMPETITIVE ENVIROMENT |
| MU Faculty or unit | |
| Citation | |
| web | Enterprise and Competitive Environment |
| Field | Economy |
| Keywords | credit risk; bankruptcy prediction; SME; bankruptcy model; insolvency; probability of default |
| Description | The good and stable financial situation of enterprises is the factor which eliminates credit risk of a bank, so the prediction of a bankruptcy and a credit risk of a bank is an unflagging object of a discussion. We focus on small and medium sized enterprises (SMEs) considering the fundamental role played in the Czech economy and the considerable attention placed on SMEs. The aim of this article is the comparison of the real predicting abilities of several bankruptcy models. We have chosen the Altman Z-score, the Ohlson O-score, the Zmijewski’s model, the Taffler’s model, and the IN05 model. The basic form of the models is used as proposed by their authors. The results are compared using the classification table and ROC curve. |
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