J 2017

THE FINANCIAL HEALTH OF PUBLIC LIMITED COMPANIES IN POLAND

PRAŽÁK, Tomáš

Basic information

Original name

THE FINANCIAL HEALTH OF PUBLIC LIMITED COMPANIES IN POLAND

Authors

PRAŽÁK, Tomáš (203 Czech Republic, guarantor, belonging to the institution)

Edition

Acta academica karviniensia, 2017, 2533-7610

Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50202 Applied Economics, Econometrics

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

RIV identification code

RIV/47813059:19520/17:00010954

Organization unit

School of Business Administration in Karvina

Keywords in English

Financial health; Taffler´s bankruptcy model; public limited companies; Poland; Pearson correlation coefficient.
Změněno: 7/2/2020 10:58, RNDr. Daniel Jakubík

Abstract

V originále

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.