Title: Bankrotní modely tranzitivních zemí
Other Titles: Bankruptcy models of transition countries
Authors: Čámská, Dagmar
Citation: Trendy v podnikání = Business trends : vědecký časopis Fakulty ekonomické ZČU v Plzni. 2012, č. 4, s. 12-18.
Issue Date: 2012
Publisher: Západočeská univerzita v Plzni
Document type: článek
URI: http://www.fek.zcu.cz/tvp/doc/2012-4.pdf
ISSN: 1805-0603
Keywords: tranzitivní země;bankrot;Altman;predikční modely
Keywords in different language: transition countries;bankruptcy;Altman;prediction models
Abstract in different language: This paper is focused on bankruptcy prediction models used in transition economies, namely Latvia and Lithuania. Bankruptcy models or models predicting financial distress are tools which can help analyse financial situation of a business unit and provide a quick answer about financial health. Research beginnings could be found in works of Beaver and Altman who is the most cited author in this area worldwide. Before 90's the need of predicting corporate financial distress did not exist in Central and Eastern Europe because the economy functioning was not based on the market. Collapse of the Eastern bloc brought not only political but also economic changes. It has brought a wave of acceptance of foreign bankruptcy models which was followed later by creation of own models. These models should respect conditions of transition economies and countries in this territory which should improve the models accuracy in comparison with models created in developed countries. The national approaches of bankruptcy prediction have not been examined yet. This paper provides an introduction of several models used and created in Latvia and Lithuania.
Rights: © Západočeská univerzita v Plzni
Appears in Collections:Číslo 4 (2012)
Číslo 4 (2012)

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Please use this identifier to cite or link to this item: http://hdl.handle.net/11025/16238

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