KUBÍČKOVÁ, Dana a Vladimír NULÍČEK. Bankruptcy Model Construction and its Limitation in Input Data Quality. Journal of Business and Economics. New York: Academic Star Publishing Company, 2019, roč. 10, č. 2, s. 117-125. ISSN 2155-7950. Dostupné z: https://dx.doi.org/10.15341/jbe(2155-7950)/02.10.2019/003. |
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@article{7777, author = {Kubíčková, Dana and Nulíček, Vladimír}, article_location = {New York}, article_number = {2}, doi = {http://dx.doi.org/10.15341/jbe(2155-7950)/02.10.2019/003}, keywords = {bankruptcy models; prediction ability; financial indicators; normal distribution}, language = {eng}, issn = {2155-7950}, journal = {Journal of Business and Economics}, title = {Bankruptcy Model Construction and its Limitation in Input Data Quality}, url = {http://www.academicstar.us/UploadFile/Picture/2019-9/201992714243766.pdf}, volume = {10}, year = {2019} }
TY - JOUR ID - 7777 AU - Kubíčková, Dana - Nulíček, Vladimír PY - 2019 TI - Bankruptcy Model Construction and its Limitation in Input Data Quality JF - Journal of Business and Economics VL - 10 IS - 2 SP - 117-125 EP - 117-125 PB - Academic Star Publishing Company SN - 21557950 KW - bankruptcy models KW - prediction ability KW - financial indicators KW - normal distribution UR - http://www.academicstar.us/UploadFile/Picture/2019-9/201992714243766.pdf L2 - http://www.academicstar.us/UploadFile/Picture/2019-9/201992714243766.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 a Vladimír NULÍČEK. Bankruptcy Model Construction and its Limitation in Input Data Quality. \textit{Journal of Business and Economics}. New York: Academic Star Publishing Company, 2019, roč.~10, č.~2, s.~117-125. ISSN~2155-7950. Dostupné z: https://dx.doi.org/10.15341/jbe(2155-7950)/02.10.2019/003.
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