The potential of dynamic indicator in development of the bankruptcy prediction models: the case of construction companies

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dc.contributor.authorKaras, Michalcs
dc.contributor.authorRežňáková, Máriacs
dc.coverage.issue2cs
dc.coverage.volume65cs
dc.date.issued2017-04-28cs
dc.description.abstractThe current development of bankruptcy models usually goes in the direction of testing different classification algorithms, while the potential hidden in financial indicators is given less attention. Their analysis is often only restricted to the comparison between their respective statuses in bankrupt and healthy companies, while the dynamics of the indicators, i.e. the change in their values in time, is not paid much attention. The aim or our research is to analyse partial potential of financial ratios for predicting bankruptcy. Twentyeight indicators were examined in a sample of 1,355 construction companies operating in the Czech Republic, as well as their development over the past five periods. A nonparametric chisquare test was used to evaluate the significance of predictors. The variables were categorised for the application of the test. Our research confirmed the assumption as to the importance of using the indicators in dynamic (change) form. Indicators that are significant only in their change form were identified. Moreover, the use of the dynamic form of the indicators can increase the significance of the bankruptcy model. This was tested by using the stepwise version of linear discrimination analysis.en
dc.formattextcs
dc.format.extent641-652cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationActa Universitatis Agriculturae et Silviculturae Mendelianae Brunensis. 2017, vol. 65, issue 2, p. 641-652.en
dc.identifier.doi10.11118/actaun201765020641cs
dc.identifier.issn1211-8516cs
dc.identifier.orcid0000-0001-8824-1594cs
dc.identifier.orcid0000-0002-7261-607Xcs
dc.identifier.other134070cs
dc.identifier.researcheridC-1261-2018cs
dc.identifier.researcheridAAQ-6282-2020cs
dc.identifier.scopus55321000300cs
dc.identifier.scopus36125352900cs
dc.identifier.urihttp://hdl.handle.net/11012/68346
dc.language.isoencs
dc.publisherMendel University Presscs
dc.relation.ispartofActa Universitatis Agriculturae et Silviculturae Mendelianae Brunensiscs
dc.relation.urihttps://acta.mendelu.cz/65/2/0641/cs
dc.rightsCreative Commons Attribution-NonCommercial-NoDerivatives 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/1211-8516/cs
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/cs
dc.subjectconstruction companiesen
dc.subjectbankruptcy predictionen
dc.subjectfinancial ratioen
dc.subjectdynamic indicatorsen
dc.subjectlinear discrimination analysisen
dc.subjectmodel accuracyen
dc.titleThe potential of dynamic indicator in development of the bankruptcy prediction models: the case of construction companiesen
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-134070en
sync.item.dbtypeVAVen
sync.item.insts2025.02.03 15:43:21en
sync.item.modts2025.01.17 15:34:44en
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Ústav financícs
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