Pregled bibliografske jedinice broj: 715418
Firm Financial Distress Prediction With Statistical Methods: Prediction Accuracy Improvements Based on the Financial Data Restatements
Firm Financial Distress Prediction With Statistical Methods: Prediction Accuracy Improvements Based on the Financial Data Restatements // 8th International days of statistics and economics
Prag, Češka Republika, 2014. str. 1134-1144 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
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Naslov
Firm Financial Distress Prediction With Statistical Methods: Prediction Accuracy Improvements Based on the Financial Data Restatements
Autori
Pervan, Ivica ; Pavić, Petra ; Pervan, Maja
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
8th International days of statistics and economics
/ - , 2014, 1134-1144
ISBN
978-80-87990-02-5
Skup
8th International days of statistics and economics
Mjesto i datum
Prag, Češka Republika, 11.09.2014. - 13.09.2014
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
financial distress prediction; accounting manipulations
Sažetak
Firm failure phenomenon has been in the focus of academic research for many years. However, developed failure models entirely relay on original financial data and do not take into account potential data problems resulting from accounting manipulations. In this paper authors proposed the model for restatement of financial statements and tested it on the sample of 345 firms from Croatia. Empirical testing has shown that usage of restated financial data increases overall failure prediction accuracy by 5.3 percentage points. In the segment of non-distressed firms prediction accuracy was increased by 10.4 percentage points, while in the segment of distressed firms prediction accuracy was increased by 1.5 percentage points. Such findings indicate that accounting manipulations can affect failure prediction accuracy and that proposed model can be useful for prediction accuracy improvements.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
Napomena
Članak je indeksiran u Web of Science (WoS) bazi podataka
POVEZANOST RADA
Projekti:
055-0551147-1105 - Utjecaj pridruživanja RH europskoj uniji na profitabilnost hrvatskih poduzeća (Pavić, Ivan, MZOS ) ( CroRIS)
Ustanove:
Ekonomski fakultet, Split