|
|
Applications credibility and bankruptcy models to compare the financial health of breweries
Varkalová, Světlana ; Holečková, Jaroslava (advisor) ; Staňková, Anna (referee)
This thesis deals with selected credit scoring and bankruptcy models and their ability to pre-dict financial problems in a company. Among the models included in the paper are the Altman bankruptcy model Z - Score, Index of credibility of the Neumaier (IN95, IN05) Taffler mod-el, Kralicek Quick test, Grünwald creditworthiness model. The methodological part focuses on the detailed description of each individual model. The practical part includes a customised application of the models on the selected breweries and subsequent assessment of the ability of the models to predict financial distress.
|
|
| |
|
| |
|
|
Dopad Basel III na české banky a efektivita kapitálových pomerov predpovedať finančnú tieseň bánk
Matejašák, Milan ; Dvořák, Petr (advisor) ; Teplý, Petr (referee) ; Seidler, Jakub (referee)
The aim of this thesis is to evaluate the impact of Basel III on Czech banks and to compare the effectiveness of capital ratios in predicting bank distress. After a short introduction, in the second chapter we estimate the impact of tightened Basel III capital regulation on lending spreads in the Czech banking sector. In this chapter we conclude that the tightened capital regulation will not lead to more expensive borrowing in the Czech Republic mainly because the banking sector has been well-capitalized. In the third chapter we identify the strategies that Czech banks adopted in order to significantly increase their capital ratios between 2009 and 2013. Our analysis shows that retained earnings have played a major role in increasing the average capital adequacy of Czech banks. In addition, the Czech banks have decreased their average asset risk to further strengthen the overall capital adequacy ratio. In the last chapter, using a dataset on bank distress in European banks during 2008-2012, we compare the performance of risk-weighted capital ratios and simple leverage capital ratios to predict bank distress. Our results suggest that simple leverage ratios can perform better than complex risk-weighted capital ratios when predicting bank distress. While such a finding is not conclusive, it suggests that more complex risk modeling does not always mean better risk modeling.
|
|
|
Prediction of financial distress of a company using financial standing and bankrupcy models
Sova, Lukáš ; Klečka, Jiří (advisor) ; Scholleová, Hana (referee)
In the diploma thesis we are examining possibilities of utilization of financial standing models and bankruptcy models for the purpose of prediction of financial distress of a company. We start the analysis with a broad description of methods provided by financial analyses used for prediction of the financial distress, followed by a more particular investigation into the problematics of financial standing and bankruptcy models. In the thesis we aim to define 9 of these models including their variations followed by application onto four companies in the time scale of five years up front the incoming financial distress. Whilst applying the models we will have a closer look at the discrepancies coming from the different nature of the predictive formulas, meanwhile observing how the key changes in financial statements transfer into the scores. Moreover, we will try to point out the key elements causing deformation in the relevance of the models. In the conclusion we will summarize the findings and confront the assumptions.
|
|
|
Financial distress prediction of company
MAŇASOVÁ, Helena
The theoretical part of this master thesis deals with creation and solution of financial distress and analysing classification models. In the practical part I defined own methods for financial distress prediction of company using discriminant analysis and logistic regression.
|
|
|
Prediction of firm financial distress
ZDENĚK, Radek
The aim of the doctoral thesis is to screen possibilities of multivariate classification methods used for the prediction of a financial distress of agricultural enterprises. Application of the thesis was based on a definition of an enterprise threatened by financial distress defined according to relevant literature review. The reliability of current classification models was verified first as a part of the solution process. The ability of each indicator and their combinations in terms of reliability classification were assessed as well. The main part consisted in the construction of models using classification methods (linear and quadratic discriminant analysis and robust variants, the methods of nearest neighbours and prototypes, logistic regression, probit regression, multilayer perceptron networks, classification trees and forests).
|
|
|
Assessment of the explanatory power of bonity and bankruptcy models in terms of the Czech foundry industry
Běla, Tomáš ; Strnad, Lucien (advisor) ; Kotáb, Jiří (referee)
This bachelor thesis is focused on assessing the explanatory power of selected bonity and bankruptcy models in terms Czech foundry industry. Bonity model is expresing comlex level of bonity and financial standing in enterprises. Bankruptcy models can predict a potential decline in business and potencial bancrupcy of eterprises.Assesment of explanatory value of these models is based on a critical comparison of the results of applied bonity and bankruptcy models in two foundry companies, one of which is prosperous, and the second of the selected companies has serious financial problems and has achieved bankruptcy.
|
|
|
Aplication of financial standings and bankruptcy indexes on CRYSTALEX a.s. and Sklárny KAVALIER a.s.
Frolo, Radovan ; Kolářová, Blanka (advisor) ; Kotáb, Jiří (referee)
This thesis deals with the description of the most important indexes of financial standings and bankrupcy indexes, which qualify the financial situation of a company. These indexes evaluate the financial distress and predict a relevant company failure. In the thesis there are concretized these specific indexes - Beaver profile analysis, Altman idex Alt83, Altman Z-score, Taffler model, Beerman test, bonity index, Kralicek QUICKTEST, IN indexes and R.Douch system of the balance analyses on two specific companies. CRYSTALEX a.s. and Sklárny KAVALIER a.s. are two specific companies in this case. On grounds of the fact, that these companies are in bankrupcy proccedings these days, the aim of this bachelor thesis will be to analyse models mentioned above and also analyse their partial indexes in the period of five years before bankrupt.In the next part of the thesis there is the examination of possible reasons, that could led to the bankrupcy in that period of time. Key-words: bonity, bankruptcy, financial distress, company failure
|
|
|
Financial analysis of family business Bernard a.s.
Malý, Lukáš ; Schönfeld, Jaroslav (advisor) ; Smrčka, Luboš (referee)
Financial analysis is tool, which reveals financial health, performance and other attributes of firm. It serves as complex insight on financial health and conditions as well as profits of firm in observed periods. From financial analysis we are able to inquire and conclude deductions, which can be of service to better management in company. With aid of index ratios, horizontal a vertical analysis and other parameters we verify real efficiency of these ratios.
|
guest ::
