Articlegold2018

Financial Risk Measurement and Prediction Modelling for Sustainable Development of Business Entities Using Regression Analysis

Katarína Valášková · Tomáš Klieštik · Lucia Švábová · Peter Adamko

127 citations0/0 files storedSustainability

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Financial Distress and Bankruptcy Prediction Financial Analysis and Corporate Governance Corporate Insolvency and Governance

Abstract

The issue of the debt, bankruptcy or non-bankruptcy of a company is presented in this article as one of the ways of conceiving risk management. We use the Amadeus database to obtain the financial and accounting data of Slovak enterprises from 2015 and 2016 to calculate the most important financial ratios that may affect the financial health of the company. The main aim of the article is to reveal financial risks of Slovak entities and to form a prediction model, which is done by the identification of significant predictors having an impact on the health of Slovak companies and their future prosperity. Realizing the multiple regression analysis, we identified the significant predictors in conditions of the specific economic environment to estimate the corporate prosperity and profitability. The results gained in the research are extra important for companies themselves, but also for their business partners, suppliers and creditors to eliminate financial and other corporate risks related to the unhealthy or unfavorable financial situation of the company.

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References

1968FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY 1980Financial Ratios and the Probabilistic Prediction of Bankruptcy 1966Financial Ratios As Predictors of Failure 1984Methodological Issues Related to the Estimation of Financial Distress Prediction Models 2006Bankruptcy prediction in banks and firms via statistical and intelligent techniques – A review 1996A survey of business failures with an emphasis on prediction methods and industrial applications 1966The Determination of Long-Term Credit Standing with Financial Ratios 2006A Review of Bankruptcy Prediction Studies: 1930 to Present

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