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FINANCIAL HEALTH OF COMPANIES SUPPORTED BY EUROPEAN FUNDS

Economics and Management

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Title FINANCIAL HEALTH OF COMPANIES SUPPORTED BY EUROPEAN FUNDS
 
Creator Čámská, Dagmar; University of Economics
Scholleová, Hana; University of Economics
 
Subject Financial health; Altman prediction model; financial support programmes; Czech Republic
 
Description This article is focused on the financial health of companies supported by European funds in the Czech Republic. Czech financial support programmes use their own prediction formulas. Each programme has its own methodology. Results of specific model which is used by ROP NUTS II North-East Operational programme will be compared with results which will be provided by Altman prediction model. The Altman Z-Score was originally published in 1968, and is used as an easy formula and is globally accepted. In reality programmes support not only enterprises but also nongovernmental organizations, regions, municipalities and public companies. We are interested in business concept, so we will pay attention only to enterprises and their financial health. Results will be statistically evaluated. As the conclusion, a comparison of specific approaches and the Altman formula will be presented.DOI: http://dx.doi.org/10.5755/j01.em.17.3.2096
 
Publisher Kaunas University of Technology
 
Contributor —
 
Date 2012-08-08
 
Type —
—
 
Format application/pdf
 
Identifier http://www.eejournal.ktu.lt/index.php/Ekv/article/view/2096
10.5755/j01.em.17.3.2096
 
Source ECONOMICS AND MANAGEMENT; Vol 17, No 3 (2012); 863-868
EKONOMIKA IR VADYBA; Vol 17, No 3 (2012); 863-868
 
Language en
 
Rights Autorių teisės yra apibrėžtos Lietuvos Respublikos autorių teisių ir gretutinių teisių įstatymo 4-37 straipsniuose.
Copyright terms are indicated in the Republic of Lithuania Law on Copyright and Related Rights, Articles 4-37.