Bankruptcy models in the Czech Republic

Marek Vochozka and Petr MulaÄ

Littera Scripta, 2011, vol. 4, issue 1

Abstract: The paper deals with bankruptcy models generated by multiple discriminant analysis. It evaluates their design. It addresses the shortcomings by which such bankruptcy models (especially Altman’s indexes) feature. The conclusion is then focused on the possibility of application Altman’s indexes in the Czech Republic. It respectively, offers two options for correction of existing indices, which could increase their explanatory value. It’s just necessary to assess the depth of the correction to the applicable bankruptcy model and its relevant information value. Bankrotní modely v podmínkách České republiky

Keywords: Altman’s Z-score; bankruptcy; faults; Altmanův index; metody komplexního hodnocení podniku; bankrot; nedostatky (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:rsg:littra:2011-009

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