Title:	Využití Z’’ Score při hodnocení finančního zdraví odvětví stavebnictví
Other Titles:	Z’’ Score in assessing the financial healt in the construction sector
Authors:	Kuběnka, Michal Králová, Veronika
Citation:	E+M. Ekonomie a Management = Economics and Management. 2013, č. 1, s. 101-112.
Issue Date:	2013
Publisher:	Technická univerzita v Liberci
Document type:	článek article
URI:	http://www.ekonomie-management.cz/download/1404721105_aca9/2013_1+Vyuziti+z%C2%B4%C2%B4+score+pri+hodnoceni+fifnacniho+zdravi+odvetvi+stavebnictvi.pdf http://hdl.handle.net/11025/17488
ISSN:	1212-3609 (Print) 2336-5604 (Online)
Keywords:	stavební průmysl;finanční zdraví;rentabilita aktiv;likvidita;poměr dluhu;bankrotní modely;Z’’ Score
Keywords in different language:	construction industry;financial health;return on assets;liquidity;debt ratio;bankruptcy models;Z’’ Score
Abstract in different language:	The construction industry is a key sector of the national economy. In many areas of construction industry does not reach pre-crisis levels before 2008. Its development reflects a range of factors, estimates of future are different. To analyze the current situation and for prediction of the future was used bankruptcy model Z’’ Score. The analysis was based on the confirmation or rejection of the three hypotheses. To verify the hypothesis 1 was analyzed data from the statistics of the Ministry of Industry and T rade, which lists the cumulative values of the balance sheet and profit and loss account in the con- struction industry in the years 2009–2011. Hypothesis 1 was confirmed on the basis of the growing Z’’ Scores trend. It means that the situation in the sector is improving. To verify the hypothesis 2 was used a sample of balance sheets and profit and loss accounts (year 2010) with 473 companies. This data were obtained from the Commercial Register. Based on the calculation of Z’’ Score was found the number of enterprises in the area of bankruptcy. Sub- sequently was applied Z - test on one sample proportion. It statistically confirmed that 20 % of busi- nesses have symptoms of bankruptcy. To test the hypothesis 3 was used global statistics CR. There have been extracted data for the calculation of Z’’ Score for the total economy (or selected industries in total) in the years 2009–2011. The resulting trend was compared with the values of Z’’ Score for the construction sec- tor in the years 2009 to 2011. The results showed that the construction sector achieves higher levels of indicators Z’’ Score in all years. Thus, we can say that the situation in the construction industry better than the national economy as a whole.
Rights:	© Technická univerzita v Liberci CC BY-NC 4.0
Appears in Collections:	Číslo 1 (2013) Číslo 1 (2013)

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