Publication details
Použitelnost Altmanova modelu v podmínkách ČR (empirický důkaz)
| Title in English | Applicability of the Altman Z-index in CR Conditions (the Empirical Evidence) |
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| Authors | |
| Year of publication | 2013 |
| Type | Article in Proceedings |
| Conference | FAKTORY PROSPERITY PODNIKŮ V LOKÁLNÍM A GLOBÁLNÍM PROSTŘEDÍ OPTIKOU ROKU 2013 |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | Altman Z-index; Empirical evidence; Applicability in Czech economy. |
| Attached files | |
| Description | The article is focused on empirical evidence the applicability of the Altman Z-index in Czech Republic (hereinafter CR) conditions. The goal of the article is to compare its explanatory power with Czech standardized bankruptcy model IN 05 and with the two new created (alternative) bankruptcy models, especially designed for conditions of the Czech Republic. The database used (Bisnode Česká republika, 2010) contains all the available data of Czech companies. The time horizon results compared is 2 and 5 years before bankruptcy of the firm. Based on the result comparison with standardized bankruptcy models the two new models are equivalent in one case (FLKp model) and significantly better in the second case (CZ model). |