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2019 | 67 | 4 | 426 – 452
Article title

PREDICTING FINANCIAL DISTRESS OF SLOVAK AGRICULTURAL ENTERPRISES

Content
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Languages of publication
EN
Abstracts
EN
The paper focuses upon the predictive validity of Chrastinová’s CH-Index and Gurčík’s G-Index devised for predicting financial distress of Slovak agricultural enterprises and confronts them with Altman's bankruptcy formula. Its aim is to verify whether these out-dated models preserve their usefulness in newer conditions of Slovak agribusinesses and whether they may be improved by redefining the cut-off points used in separating distressed and non-distressed enterprises. Using a data sample on Slovak agricultural enterprises for the period from 2009 until 2013, it is ascertained that the G-Index with redefined cut-off points may be tentatively recommended for financial distress prediction showing a balanced trade-off between distress and non-distress prediction accuracy.
Contributors
author
  • Matej Bel University in Banská Bystrica, Faculty of Economics, Department of Quantitative Methods and Information Systems, Tajovského 10, 975 90 Banská Bystrica; Slovak Republic
References
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Publication order reference
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YADDA identifier
bwmeta1.element.cejsh-d6e53dee-4f3a-442b-8941-68b2f82d105c
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