Comprehensive Assessment of the Selected Indicators of Financial Analysis in the Context of Failing Companies

• Autorzy: Pavol Kral , Hussam Musa , George Lazaroiu , Maria Misankova , Jaromir Vrbka
• Języki publikacji: EN

Abstrakty

EN

Financial ratios can be considered a crucial determinant of reliability for the bankruptcy prediction models. Therefore, it is necessary to be vigilant during the preparation of bankruptcy prediction models so that to include those ratios, which ensure the highest degree of predictive power. The aim of this paper is to define the so-called etalon unsuccessful business that can serve as a standard comparative basis for other unsuccessful companies operating in Slovak Republic. Own quantification of the selected ratios was created on the database of the published financial statements of several thousand businesses operating in Slovak Republic between 2014 and 2015. This database has undergone extensive filtration of extreme data for maximal objectification of the results. Universal criterion for inclusion of a enterprise into the category of unsuccessful enterprises through the values of the three ratios (R1, L3, Z4) have been created. This criterion was named as unsuccessfulness indicators while respecting the applicable legal standards of Slovak Republic governing the conditions of unsuccessfulness. (original abstract)

Słowa kluczowe

EN

Bankruptcy; Enterprise bankruptcy; Financial indicators; Enterprises bankruptcy forecasting

PL

Bankructwo; Upadłość przedsiębiorstwa; Wskaźniki finansowe; Prognozowanie upadłości przedsiębiorstwa

• Czasopismo: Journal of International Studies
• Rocznik: 2018
• Tom: 11
• Numer: nr 4
• Strony: 282--294

Twórcy

autor

Pavol Kral

• University of Zilina, Slovakia

autor

Hussam Musa

• Matej Bel University in Banska Bystrica, Slovakia

autor

George Lazaroiu

• Spiru Haret University, Romania

autor

Maria Misankova

• University of Zilina, Slovak Republic

autor

Jaromir Vrbka

• Institute of Technology and Business in Ceske Budejovice, Czech Republic

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Identyfikatory

DOI

10.14254/2071-8330.2018/11-4/20