Could the Coefficients Re-Estimation Solve the Industry or Time Specific Issues?

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dc.contributor.authorKaras, Michalcs
dc.contributor.authorRežňáková, Máriacs
dc.coverage.issue2cs
dc.coverage.volume2017cs
dc.date.issued2017-08-24cs
dc.description.abstractThe aim of this paper is to examine discrimination performance of three bankruptcy prediction models in environments and periods different from the ones utilized by deriving the models. We compared selected models’ accuracy in the original setting and present conditions. Secondary aim was to examine a way of possible increasing of the discrimination performance of models by the recalculation of the classification functions. Discrimination performance of the models and financial ratios was tested on companies operating in manufacturing business. Results conclusively demonstrate that the discrimination accuracy of bankruptcy models deteriorates significantly in different environments. The classification function of each model was recalculated using the data from Czech manufacturing companies. For the adjustment of models’ coefficients the same methods, as used originally by theirs authors, were applied, i.e. the probit method, the linear discrimination analysis and the logit method. The results shown, that the re-estimation of model coefficient could lead to its higher classification accuracy in alternative conditions. We can dedicate that recalculating of the classification rules is one of the ways to increase discrimination performance of the bankruptcy prediction models in different environment.en
dc.formattextcs
dc.format.extent206-213cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationInternational Journal of Economics and Management Systems. 2017, vol. 2017, issue 2, p. 206-213.en
dc.identifier.issn2367-8925cs
dc.identifier.orcid0000-0001-8824-1594cs
dc.identifier.orcid0000-0002-7261-607Xcs
dc.identifier.other138720cs
dc.identifier.researcheridC-1261-2018cs
dc.identifier.researcheridAAQ-6282-2020cs
dc.identifier.scopus55321000300cs
dc.identifier.scopus36125352900cs
dc.identifier.urihttp://hdl.handle.net/11012/70223
dc.language.isoencs
dc.publisherIARAScs
dc.relation.ispartofInternational Journal of Economics and Management Systemscs
dc.relation.urihttp://www.iaras.org/iaras/home/caijems/could-the-coefficients-re-estimation-solve-the-industry-or-time-specific-issuescs
dc.rightsCreative Commons Attribution 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/2367-8925/cs
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/cs
dc.subjectBankruptcy modelsen
dc.subjectDiscrimination capabilityen
dc.subjectFinancial ratiosen
dc.subjectModel robustnessen
dc.subjectManufacturingen
dc.subjectLinear discrimination analysisen
dc.subjectProbit and Logit methoden
dc.subjectAUC valueen
dc.titleCould the Coefficients Re-Estimation Solve the Industry or Time Specific Issues?en
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-138720en
sync.item.dbtypeVAVen
sync.item.insts2025.02.03 15:43:25en
sync.item.modts2025.01.17 16:38:18en
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Ústav financícs
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