Warianty tytułu
The Use of the Discriminatory Function for Assessing the Financial-Economic Condition of Companies and Enterprisies of the I, II, III and IV Installation, Allocated to the National Investment Funds
Języki publikacji
Abstrakty
The article presents the outcome of a classification of companies and enterprises allocated to (National Investment Funds. The classification made use of a discriminatory function which was estimated separately for companies and enterprises of the I-III installment upon the basis of data for 1994 and separately for companies and enterprises of the I - IV installment upon the basis of data for the first six months of 1995. For data concerning 1994, the assessment of the economic-financial condition of firms was performed upon the basis of the following indices: - current turnover (WPB = current assets/current liabilities), - asset productivity (WPA = sale/total assets), - sale profitability (WRS = net profit/sale), - own capital profitability (WRKW = net profit/own capital), while for the first six months of 1995 - upon the basis of the following indices: - current turnover (WPB) = current assets/current liabilities, - sale profitability (WRS) = net profit/sale, - employment profitability (WRZ) = sale/employment [in thou zlotys per a single employee]. The method proposed in the article provides an opportunity for evaluating the economic-financial condition of an enterprise from the point of view of several criteria simultaneously, and constitutes a basis for the classification of the firms into good, bad and the "grey zone". (original abstract)
Twórcy
Bibliografia
- [1] Altman E.I., Financial Ratios, Discriminant Analysis ant The Prediction of Corporate Bunkruptcy, The Journal of Finance, September 1968, No 4, s. 589-609.
- [2] Jajuga K.., Statystyczna teoria rozpoznawania obrazów, PWN, Warszawa 1990.
- [3] Kolonko J., Analiza dyskryminacyjna i jej zastosowanie w ekonomii, PWN, Warszawa 1980.
- [4] Krzyśko M., Analiza dyskryminacyjna, Wydawnictwa Naukowo-Techniczne, Warszawa 1990.
- [5] Mardia K.V., Kent J.T:, Bibby J.M., Multivariate Analysis, Academic Press, London 1979.
- [6] Mączyńska E., Ocena kondycji przedsiębiorstwa, Życie Gospodarcze 1994, nr 38, s. 42 - 45.
- [7] Olszewski D.W., Zdolność płatnicza przedsiębiorstwa -koncepcje i metody oceny, Bank i kredyt 1992, nr 6, s. 12-21.
- [8] Perkal J., Matematyka dla przyrodników i rolników, część II, PWN, Warszawa 1967.
- [9] Uberman R., Spółki według Altmana, Gazeta Bankowa 1994, nr 39, s. 26.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000129435588