Naslov
Comparing Financial Distress Prediction Models Before and During Recession

Autori
Šarlija, Nataša ; Jeger, Marina

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Croatian Operational Research Review (CRORR) / Babić, Zoran ; Neralić, Luka ; Pivac, Snježana ; Arnerić, Josip - Split : Hrvatsko društvo za operacijska istraživanja (CRORS), 2011, 133-142

Skup
13th International Conference on Operational Research KOI 2010

Mjesto i datum
Split, Hrvatska, 29.09.2010. - 01.10.2010

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Financial distress prediction; SMEs; logistic regression; financial ratios

Sažetak
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.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA