VALIDÁCIA PREDIKCNÝCH BANKROTOVÝCH MODELOV V PODMIENKACH SR

In the presented paper the authors provide a review of bankruptcy prediction studies divided into two time periods: before and after the year 1966. Three bankruptcy prediction models -- the Altman model, the Beerman discriminatory function, and Index IN05 -- have been chosen for validating real data...

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Published inE+M ekonomie a management Vol. 16; no. 3; p. 101
Main Authors Delina, Radoslav, Packová, Miroslava
Format Journal Article
LanguageCzech
Slovak
Published Liberec Technical University of Liberec 01.07.2013
Subjects
Bankruptcy
Data mining
Mathematical models
Predictive control
Regression analysis
Studies
Slovakia
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Summary:In the presented paper the authors provide a review of bankruptcy prediction studies divided into two time periods: before and after the year 1966. Three bankruptcy prediction models -- the Altman model, the Beerman discriminatory function, and Index IN05 -- have been chosen for validating real data from companies established in Slovakia. The authors have developed a new modified model while using regression analysis to get higher predictive performance on the analysed sample than the chosen models. To validate the selected bankruptcy prediction models' performance, an approach based on data mining validation methods was chosen. Hence, the study is focused on the performance evaluation at two levels: precision and recall. Based on the matched sample of 1,560 firms from the time period of 1993-2007, the findings based on precision and recall indicate that the chosen models are inappropriate for the Slovak economy and a quest for new models should be undertaken.
Bibliography:SourceType-Scholarly Journals-1
ObjectType-Feature-1
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ISSN:1212-3609
2336-5064