Publication details

Softwarová aplikace pro bankrotní modely

Title in English Software application for bankruptcy models
Authors

HLADKÁ Marie NĚMEC Daniel PEJCAL Jakub VALOUCH Petr HYÁNEK Vladimír DVOŘÁK Dominik

Year of publication 2020
MU Faculty or unit

Faculty of Economics and Administration

Description Empirically proven software for early warning of probable bankruptcy or financial distress of non-profit organizations. The software is based on the results of econometric models, namely the so-called logit models, which were compiled and estimated using financial and non-financial indicators of 777 public benefit organizations operating in the social services sector for the period 2014 to 2017. český skaut, zs, where the available data covered the period from 2008 to 2018. In the case of predictive models of financial vulnerability (bankruptcy models) for public benefit organizations, a variety of 49 indicators of financial vulnerability were tested. Based on a detailed analysis of the interconnectedness of more than 250 available static and dynamic financial and non-financial indicators, a total of 53 of these indicators were tested within the formulated econometric models. For mutually beneficial organizations, a result was tested on a range of 30 dependent variables and the corresponding 51 independent variables. Financial vulnerability ratings (graded on a scale of A (best) to F (worst)) are based on predicted probabilities based on estimated models. Ratings A and B are based on high values of the so-called true positive rate, ie so that the most likely organizations falling into this category are really financially sound in the following year (the probability of predicted financial vulnerability is very low) .
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