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Original scientific paper

COMPARING FINANCIAL DISTRESS PREDICTION MODELS BEFORE AND DURING RECESSION

Nataša Šarlija   ORCID icon orcid.org/0000-0003-2600-9735 ; Faculty of Economics in Osijek, University of J.J. Strossmayer in Osijek, Osijek, Croatia
Marina Jeger ; Faculty of Economics in Osijek, University of J.J. Strossmayer in Osijek, Osijek, Croatia

Fulltext: english, pdf (217 KB) pages 133-142 downloads: 8.562* cite
APA 6th Edition
Šarlija, N. & Jeger, M. (2011). COMPARING FINANCIAL DISTRESS PREDICTION MODELS BEFORE AND DURING RECESSION. Croatian Operational Research Review, 2 (1), 133-142. Retrieved from https://hrcak.srce.hr/96658
MLA 8th Edition
Šarlija, Nataša and Marina Jeger. "COMPARING FINANCIAL DISTRESS PREDICTION MODELS BEFORE AND DURING RECESSION." Croatian Operational Research Review, vol. 2, no. 1, 2011, pp. 133-142. https://hrcak.srce.hr/96658. Accessed 27 Sep. 2021.
Chicago 17th Edition
Šarlija, Nataša and Marina Jeger. "COMPARING FINANCIAL DISTRESS PREDICTION MODELS BEFORE AND DURING RECESSION." Croatian Operational Research Review 2, no. 1 (2011): 133-142. https://hrcak.srce.hr/96658
Harvard
Šarlija, N., and Jeger, M. (2011). 'COMPARING FINANCIAL DISTRESS PREDICTION MODELS BEFORE AND DURING RECESSION', Croatian Operational Research Review, 2(1), pp. 133-142. Available at: https://hrcak.srce.hr/96658 (Accessed 27 September 2021)
Vancouver
Šarlija N, Jeger M. COMPARING FINANCIAL DISTRESS PREDICTION MODELS BEFORE AND DURING RECESSION. Croatian Operational Research Review [Internet]. 2011 [cited 2021 September 27];2(1):133-142. Available from: https://hrcak.srce.hr/96658
IEEE
N. Šarlija and M. Jeger, "COMPARING FINANCIAL DISTRESS PREDICTION MODELS BEFORE AND DURING RECESSION", Croatian Operational Research Review, vol.2, no. 1, pp. 133-142, 2011. [Online]. Available: https://hrcak.srce.hr/96658. [Accessed: 27 September 2021]

Abstracts
The purpose of this paper is to design three separate financial distress prediction models that will track the changes in a relative importance of financial ratios throughout three consecutive years. The models were
based on the financial data from 2000 privately-owned small and medium-sized enterprises in Croatia from 2006 to 2009, and developed by means of logistic regression. Macroeconomic conditions as well as market dynamic have been changed over the mentioned period. Financial ratios that were less important in one period become more important in the next period. Composition of model starting in 2006 has been changed in the next years. It tells us what financial ratios are more important during the time of economic downturn. Besides, it helps us to understand behavior of small and medium-sized enterprises in the period of prerecession and in the period of recession.

Keywords
financial distress prediction; SMEs; logistic regression; financial ratios

Hrčak ID: 96658

URI
https://hrcak.srce.hr/96658

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