Acta academica karviniensia 2017, 17(4):77-86 | DOI: 10.25142/aak.2017.032

Finanční zdraví veřejně obchodovatelných společností v Polsku

Tomáš Pražák
Silesian University, School of Business Administration, Univerzitní nám. 1934/3, 733 40 Karvina

The financial performance and financial health of companies is given through the ability to generate added value. For the resulting effect of creating added value, maximum activity is required. Otherwise, companies have significant payment difficulties that can be resolved by a radical change in its activities or structure. The aim of this paper is to indicate potential threat of the financial distress of selected public limited companies in Poland. The financial health of companies is analysed by Taffler's bankruptcy model. The construction of the predictive models and the bankruptcy models are based on actual data from companies which were threatened by bankruptcy in previous years. The Taffler's bankruptcy model is applied on the annual financial results of public limited companies in Poland from 2006 to 2015. The results indicated that 12 % of public limited companies in Poland had financial problems during observed period.

Klíčová slova: financial health, Pearson correlation coefficient, Poland, public limited companies, Taffler's bankruptcy model
JEL classification: C53, G33, M21

Vloženo: 2. květen 2018; Revidováno: 30. listopad 1999; Přijato: 21. listopad 2018; Zveřejněno: 30. prosinec 2017  Zobrazit citaci

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Pražák T. Finanční zdraví veřejně obchodovatelných společností v Polsku. Acta academica karviniensia. 2017;17(4):77-86. doi: 10.25142/aak.2017.032.
Sdílet...
Stáhnout citaci
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Zobrazit celý článek

    Reference

    1. AGARWAL, V. and R. TAFFLER, 2007. Twenty-Five Years of the Taffler Z-Score Model: Does It Really Have Predictive Ability? Accounting and Business Research, vol. 37, pp. 285-300. Přejít k původnímu zdroji...
    2. ALTMAN, E., 1968. Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy. Journal of Finance, vol. 23, issue 4, pp. 589-609. Přejít k původnímu zdroji...
    3. ALTMAN, E., 2006. Corporate Financial Distress and Bankruptcy. 3rd ed. New Jersey: John Wiley and Sons, Inc. ISBN 978-0-471-69189-1.
    4. BEAWER, W., 1966. Financial Ratios as Predictors of Failure. Journal of Accounting Research, vol. 4, issue 1, pp. 71-111. Přejít k původnímu zdroji...
    5. BROOKS, Ch., 2002. Introductory Econometrics for Finance. Cambridge: Cambridge University. ISBN 0-52179367-X.
    6. FIJOREK, K. and M. GROTOWSKI, 2012. Bankruptcy Prediction: Some Results from a Large Sample of Polish Companies. International Business Research, vol. 5, issue 9, pp. 70-77. Přejít k původnímu zdroji...
    7. GRUSZCZYNSKI, M., 2004. Financial Distress of Companies in Poland. International Advances in Economic Research, vol. 10, issue 4, pp. 249-256. Přejít k původnímu zdroji...
    8. HAJDU, O. and M. VIRAG, 2001. A Hungarian Model for Predicting Financial Bankruptcy, Quarterly Journal of the Budapest University of Economic Sciences and Public Administration, vol. 23, issue 1-2, pp. 55-65.
    9. LIOU, D. and M. SMITH, 2007. Macroeconomic Variables and Financial Distress. Journal of Accounting, Business and Management, vol. 14, pp. 17-31.
    10. LIZAL, L., 2012. Determinants of Financial Distress: What Drives Bankruptcy in a Transition Economy? The Czech Republic Case. William Davidson working paper, No. 451.
    11. MOKHOVA, N. a M. ZINECKER, 2014. Macroeconomic Factors and Corporate Capital Structure. Journal Procedia-social and behavioral sciences, vol. 110, pp. 530-540. Přejít k původnímu zdroji...
    12. SENBET, L. W. and T. Y. WANG, 2012. Corporate Financial Distress and Bankruptcy: A survey. Foundations and Trends in Finance, vol. 5, issue 4, pp. 243-335. Přejít k původnímu zdroji...
    13. TAFFLER, R., 1983. The assessment of company solvency and performance using a statistical model. Accounting and Business Research, vol. 15, issue 52, pp. 295-308. Přejít k původnímu zdroji...
    14. WADHWANI, B. S., 1986. Inflation, Bankruptcy, Default Premia and Stock Market. The Economic Journal, vol. 96, issue 381, pp. 120-138. Přejít k původnímu zdroji...

    Zpět na obsah