About: Longitudinal Design as an Extension to Standard Banking Approaches to Companies' Financial Performance Assessment and Prediction

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	Financial distress modelling used for loan-approval decision making has received a lot of attention from both practitioners in commercial banks and academics over the last decades. Several modelling techniques accepted by both sides have emerged from the literature review. Surprisingly, such models are usually developed on cross-sectional data with lagged variables. This study extends traditional cross-sectional framework by employing longitudinal design in connection with generalised linear mixed models (logistic regression). Results are summarised by receiver operating characteristic curves. This approach allows direct comparison of techniques with different complexity and can incorporate different cost of misclassification (granted loan to defaulted company and loan rejection to healthy company). Our results obtained on sample of 278 companies suggest that longitudinal approach allows identification of company-specific behaviour. As analysis of receiver operation characteristic shows, this turns in high predictive power of bankruptcy classification on one year predictive horizon. Financial distress modelling used for loan-approval decision making has received a lot of attention from both practitioners in commercial banks and academics over the last decades. Several modelling techniques accepted by both sides have emerged from the literature review. Surprisingly, such models are usually developed on cross-sectional data with lagged variables. This study extends traditional cross-sectional framework by employing longitudinal design in connection with generalised linear mixed models (logistic regression). Results are summarised by receiver operating characteristic curves. This approach allows direct comparison of techniques with different complexity and can incorporate different cost of misclassification (granted loan to defaulted company and loan rejection to healthy company). Our results obtained on sample of 278 companies suggest that longitudinal approach allows identification of company-specific behaviour. As analysis of receiver operation characteristic shows, this turns in high predictive power of bankruptcy classification on one year predictive horizon. (en)
Title	Longitudinal Design as an Extension to Standard Banking Approaches to Companies' Financial Performance Assessment and Prediction Longitudinal Design as an Extension to Standard Banking Approaches to Companies' Financial Performance Assessment and Prediction (en)
skos:prefLabel	Longitudinal Design as an Extension to Standard Banking Approaches to Companies' Financial Performance Assessment and Prediction Longitudinal Design as an Extension to Standard Banking Approaches to Companies' Financial Performance Assessment and Prediction (en)
skos:notation	RIV/70883521:28120/14:43871858!RIV15-MSM-28120___
http://linked.open...avai/riv/aktivita	S
http://linked.open...avai/riv/aktivity	S
http://linked.open...vai/riv/dodaniDat	2015
http://linked.open...aciTvurceVysledku	Novák, Petr Homolka, Lubor
http://linked.open.../riv/druhVysledku	D - Článek ve sborníku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Univerzita Tomáše Bati ve Zlíně / Fakulta managementu a ekonomiky
http://linked.open...dnocenehoVysledku	26566
http://linked.open...ai/riv/idVysledku	RIV/70883521:28120/14:43871858
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	longitudinal design, GLMM, bankruptcy (en)
http://linked.open.../riv/klicoveSlovo	longitudinal design bankruptcy GLMM
http://linked.open...ontrolniKodProRIV	[AA6AC7E73B9E]
http://linked.open...v/mistoKonaniAkce	Lednice
http://linked.open...i/riv/mistoVydani	Brno
http://linked.open...i/riv/nazevZdroje	Proceedings of the 11th International Scientific Conference
http://linked.open...in/vavai/riv/obor	AE
http://linked.open...ichTvurcuVysledku	2 (xsd:int)
http://linked.open...cetTvurcuVysledku	3 (xsd:int)
http://linked.open...UplatneniVysledku	2014
http://linked.open...iv/tvurceVysledku	Doležal, Jiří Novák, Petr Homolka, Lubor
http://linked.open...vavai/riv/typAkce	EUR - Evropská
http://linked.open.../riv/zahajeniAkce	2014-06-12 (xsd:date)
number of pages	8 (xsd:int)
http://purl.org/ne...btex#hasPublisher	Muni Press
https://schema.org/isbn	978-80-210-7153-7
http://localhost/t...ganizacniJednotka	28120

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