Development tendencies of prediction models with an emphasis on Central Europe

Dagmar Čámská

Ekonomika a Management, 2016, vol. 2016, issue 4

Abstract: This paper is focused on models predicting corporate financial distress or default (also called and known as prediction or bankruptcy models). This paper contains literature overview connected with aforementioned research topic. The main paper's aim is to describe development tendencies which are divided into three time periods. The development is accented from the point of view of transition economies. The transition economies are represented by Central European countries as the Czech Republic, Slovakia, Poland and Hungary. The effort is to put this development of models predicting financial distress in a broader economic and institutional concept. Untraditionally, it does not discuss models' accuracy, robustness and validity for users.

Keywords: Bankruptcy models; Transition Economies; Prediction of Financial Distress; Bankrotní modely; Tranzitivní ekonomiky; Předpovídání finančních obtíží (search for similar items in EconPapers)
JEL-codes: G30 G32 G33 (search for similar items in EconPapers)
Date: 2016
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