Factors Affecting Bankruptcy Depending on the Size of the Company
Autoři | |
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Rok publikování | 2019 |
Druh | Článek ve sborníku |
Konference | Book of Abstracts |
Fakulta / Pracoviště MU | |
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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