Factors Affecting Bankruptcy Depending on the Size of the Company

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SPONEROVÁ Martina SVOBODA Miroslav SPONER Miroslav

Rok publikování 2019
Druh Článek ve sborníku
Konference Book of Abstracts
Fakulta / Pracoviště MU

Ekonomicko-správní fakulta

Citace
www Finance and Sustainability Conference
Klíčová slova credit risk; bankruptcy prediction; SME; financial indicator
Popis The aim of this article is finding if there exist different factors that could predict bankruptcy depending on the size of the company and compare the differences. Our motivation is to show the most important factors which have to be taken into attention when predicting bankruptcy. It is the ongoing research about the value of several popular bankruptcy models that are often applied, namely the Altman Z-score, the Ohlson O-score, the Zmijewski’s model, the Taffler’s model, and the IN05 model. It uses significant predictors of these models. This paper focuses on the Czech economy, specifically at small and medium sized enterprises (SMEs). We have investigated around 2 800 companies from the segment small and medium-sized enterprises (SMEs), of which 642 failed during the period 2010 – 2017. We have investigated financial data for the years from 2010 to 2017.
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