Comparing Financial Distress Prediction Models Before and During Recession (CROSBI ID 573207)
Prilog sa skupa u časopisu | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Šarlija, Nataša ; Jeger, Marina
engleski
Comparing Financial Distress Prediction Models Before and During Recession
The purpose of this paper is to design three separate financial distress prediction models that will track the changes in a relative importance of financial ratios throughout three consecutive years. The models were based on the financial data from 2000 privately-owned small and medium-sized enterprises in Croatia from 2006 to 2009, and developed by means of logistic regression. Macroeconomic conditions as well as market dynamic have been changed over the mentioned period. Financial ratios that were less important in one period become more important in the next period. Composition of model starting in 2006 has been changed in the next years. It tells us what financial ratios are more important during the time of economic downturn. Besides, it helps us to understand behavior of small and medium-sized enterprises in the period of pre-recession and in the period of recession.
Financial distress prediction; SMEs; logistic regression; financial ratios
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Podaci o prilogu
133-142.
2011.
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objavljeno
Podaci o matičnoj publikaciji
Croatian operational research review
Babić, Zoran ; Neralić, Luka ; Pivac, Snježana ; Arnerić, Josip
Split: Hrvatsko društvo za operacijska istraživanja (CRORS)
1848-0225
Podaci o skupu
Nepoznat skup
predavanje
29.02.1904-29.02.2096
Povezanost rada
Ekonomija