Prediction of Bankruptcy in a Different Period of Economic Development


SPONEROVÁ Martina SVOBODA Miroslav SPONER Miroslav

Year of publication 2019
Type Article in Proceedings
Conference Proceedings of the 16th International Scientific conference European Financial Systems 2019
MU Faculty or unit

Faculty of Economics and Administration

Keywords credit risk; bankruptcy prediction; SME; financial indicator
Description The ability to predict bankruptcy is the factor, which eliminates the credit risk of a bank, so the prediction of bankruptcy and credit risk of a bank is a permanent subject matter of many scientific types of research. This paper focuses on the Czech economy, specifically at small and medium-sized enterprises (SMEs). We have chosen the SMEs sector because it plays a significant role in this economy. The aim of this article is finding if there exist different factors that could predict bankruptcy in the time at the end of the financial crisis and at the time of upturn. Our motivation is to show the most important factors which have to be taken into attention in different stages of economic development. We have investigated around 1000 companies from the segment small and medium-sized enterprises (SMEs), of which 100 failed during the period 2010 – 2017.
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