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@inproceedings{5760, author = {Kubíčková, Dana and Nulíček, Vladimír}, address = {Hradec Králové}, booktitle = {Hradec Economic Days 2017}, editor = {Pavel Jedlička, Petra Marešová, Ivan Soukal}, keywords = {Bankruptcy models; prediction ability; financial indicators; predictors of financial distress; MDA assumption; normal distribution}, howpublished = {tištěná verze "print"}, language = {eng}, location = {Hradec Králové}, isbn = {978-80-7435-664-3}, pages = {494-505}, publisher = {978-80-7435-664-3}, title = {Bankruptcy Model Construction and its Limitation in Input Data Quality}, url = {https://uni.uhk.cz/hed/site/assets/files/1046/proceedings_2017_1.pdf}, year = {2017} }
TY - JOUR ID - 5760 AU - Kubíčková, Dana - Nulíček, Vladimír PY - 2017 TI - Bankruptcy Model Construction and its Limitation in Input Data Quality PB - 978-80-7435-664-3 CY - Hradec Králové SN - 9788074356643 KW - Bankruptcy models KW - prediction ability KW - financial indicators KW - predictors of financial distress KW - MDA assumption KW - normal distribution UR - https://uni.uhk.cz/hed/site/assets/files/1046/proceedings_2017_1.pdf L2 - https://uni.uhk.cz/hed/site/assets/files/1046/proceedings_2017_1.pdf N2 - The aim of the research project solved at the University of Finance and administration is to construct a new bankruptcy model. The intention is to use data of the firms that have to cease their activities due to bankruptcy. The most common method for bankruptcy model construction is multivariate discriminant analyses (MDA). It allows to derive the indicators most sensitive to the future companies´ failure as a parts of the bankruptcy model. One of the assumptions for using the MDA method and reassuring the reliable results is the normal distribution and independence of the input data. The results of verification of this assumption as the third stage of the project are presented in this article. We have revealed that this assumption is met only in a few selected indicators. Better results were achieved in the indicators in the set of prosperous companies and one year prior the failure. The selected indicators intended for the bankruptcy model construction thus cannot be considered as suitable for using the MDA method. ER -
KUBÍČKOVÁ, Dana and Vladimír NULÍČEK. Bankruptcy Model Construction and its Limitation in Input Data Quality. In Pavel Jedlička, Petra Marešová, Ivan Soukal. \textit{Hradec Economic Days 2017}. Hradec Králové: 978-80-7435-664-3, 2017, p.~494-505. ISBN~978-80-7435-664-3.
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