Financial Distress and Bankruptcy Prediction in Conditions of Slovak Republic
Research background: Prediction of bankruptcy has an important place in financial analysis of an organization in the globalized economy. Ever since the first publication of a paper on bankruptcy prediction in 1932, the field of bankruptcy prediction was attracting researchers and scholars internatio...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2021-01-01
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| Series: | SHS Web of Conferences |
| Subjects: | |
| Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2021/03/shsconf_glob20_08017.pdf |
| _version_ | 1811270738716393472 |
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| author | Rebetak Filip Bartosova Viera |
| author_facet | Rebetak Filip Bartosova Viera |
| author_sort | Rebetak Filip |
| collection | DOAJ |
| description | Research background: Prediction of bankruptcy has an important place in financial analysis of an organization in the globalized economy. Ever since the first publication of a paper on bankruptcy prediction in 1932, the field of bankruptcy prediction was attracting researchers and scholars internationally. Over the years, there have been a great many models conceived in many different countries, such as Altman’s Z score or Ohlson’s model for use for managers and investors to assess the financial position of a company. Globalization in last few decades has made it even more important for all stakeholders involved to know the financial shape of the company and predict the possibility of bankruptcy.
Purpose of the article: We aim in this article to examine the financial distress and bankruptcy prediction models used or developed for Slovakia to provide an overview of possibilities adjusted to specific conditions of the Slovak Republic in context of globalization. We will also look at the possibility of use of these prediction models for assessing financial status of non-profit organizations in the Slovak Republic.
Methods: We will use analysis and synthesis of current research and theoretical background to compare existing models and their use.
Findings & Value added: We hope to contribute with this paper to the theoretical knowledge in this field by summarizing and comparing existing models used. |
| first_indexed | 2024-04-12T22:07:27Z |
| format | Article |
| id | doaj.art-64871dbd6cca4e0f873dbc40fe9ec136 |
| institution | Directory Open Access Journal |
| issn | 2261-2424 |
| language | English |
| last_indexed | 2024-04-12T22:07:27Z |
| publishDate | 2021-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | SHS Web of Conferences |
| spelling | doaj.art-64871dbd6cca4e0f873dbc40fe9ec1362022-12-22T03:14:51ZengEDP SciencesSHS Web of Conferences2261-24242021-01-01920801710.1051/shsconf/20219208017shsconf_glob20_08017Financial Distress and Bankruptcy Prediction in Conditions of Slovak RepublicRebetak Filip0Bartosova Viera1University of Zilina, Faculty of Operation and Economics of Transport and Communications, Department of EconomicsUniversity of Zilina, Faculty of Operation and Economics of Transport and Communications, Department of EconomicsResearch background: Prediction of bankruptcy has an important place in financial analysis of an organization in the globalized economy. Ever since the first publication of a paper on bankruptcy prediction in 1932, the field of bankruptcy prediction was attracting researchers and scholars internationally. Over the years, there have been a great many models conceived in many different countries, such as Altman’s Z score or Ohlson’s model for use for managers and investors to assess the financial position of a company. Globalization in last few decades has made it even more important for all stakeholders involved to know the financial shape of the company and predict the possibility of bankruptcy. Purpose of the article: We aim in this article to examine the financial distress and bankruptcy prediction models used or developed for Slovakia to provide an overview of possibilities adjusted to specific conditions of the Slovak Republic in context of globalization. We will also look at the possibility of use of these prediction models for assessing financial status of non-profit organizations in the Slovak Republic. Methods: We will use analysis and synthesis of current research and theoretical background to compare existing models and their use. Findings & Value added: We hope to contribute with this paper to the theoretical knowledge in this field by summarizing and comparing existing models used.https://www.shs-conferences.org/articles/shsconf/pdf/2021/03/shsconf_glob20_08017.pdffinancial distressbankruptcy predictionbankruptcy models |
| spellingShingle | Rebetak Filip Bartosova Viera Financial Distress and Bankruptcy Prediction in Conditions of Slovak Republic SHS Web of Conferences financial distress bankruptcy prediction bankruptcy models |
| title | Financial Distress and Bankruptcy Prediction in Conditions of Slovak Republic |
| title_full | Financial Distress and Bankruptcy Prediction in Conditions of Slovak Republic |
| title_fullStr | Financial Distress and Bankruptcy Prediction in Conditions of Slovak Republic |
| title_full_unstemmed | Financial Distress and Bankruptcy Prediction in Conditions of Slovak Republic |
| title_short | Financial Distress and Bankruptcy Prediction in Conditions of Slovak Republic |
| title_sort | financial distress and bankruptcy prediction in conditions of slovak republic |
| topic | financial distress bankruptcy prediction bankruptcy models |
| url | https://www.shs-conferences.org/articles/shsconf/pdf/2021/03/shsconf_glob20_08017.pdf |
| work_keys_str_mv | AT rebetakfilip financialdistressandbankruptcypredictioninconditionsofslovakrepublic AT bartosovaviera financialdistressandbankruptcypredictioninconditionsofslovakrepublic |