Success of Prediction Models in Slovak Companies

Journal Title: GATR Global Journal of Business & Social Science Review - Year 2016, Vol 4, Issue 4

Abstract

Objective The issue of bankrupt of company is very actual topic not only in Slovakia but also in abroad. The reason is that many companies have problem with the question of their probability of default or bankrupt and also with their financial health as a whole. This paper deals with the issue of prediction models and captures the applicability of these models in the Slovak conditions. Methodology/Technique In this paper are applied eight selected prediction models in the sample of 74 companies from Slovak Republic. In addition, this paper calculated one financial ratio from the category of company´s indebtedness. Based on this calculation is done the comparison between results of predictions models and results of indebtedness financial ratio. Findings They tested eight different prediction models and their findings present that best results were achieved by Fulmer, Poznanski and Zmijewski model. Weak results achieved IN05, CH-index and Sharita model. Novelty : This paper provides explanatory ability and success of individual prediction models in Slovak conditions.

Authors and Affiliations

Ivana Podhorska, Maria Misankova

Keywords

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  • EP ID EP185004
  • DOI -
  • Views 126
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How To Cite

Ivana Podhorska, Maria Misankova (2016). Success of Prediction Models in Slovak Companies. GATR Global Journal of Business & Social Science Review, 4(4), 54-59. https://europub.co.uk/articles/-A-185004