Applicability of Z-score Models on the Agricultural Companies in the Republic of Srpska (Bosnia and Herzegovina)

Tamara Stojanović, Ljiljana Drinić

Апстракт


The aim of our research was to test the predictability of Altman’s Z-score models in the case of agricultural companies in the Republic of Srpska. Due to the fact that according to these models the companies from the critical zone are supposed to go bankrupt in the near future, while the companies from the safe zone are not supposed to go bankrupt, these two groups of companies have been subject to ex-ante analysis during the period of five years (2011-2015) in order to estimate the predicting efficiency of Z-score models. The authors have also performed the ex-post analysis to see how the bankrupt companies had been classified according to these models in the years preceding their bankruptcy. The results of these analyses show that Z-score models are not reliable in predicting bankruptcy, nor for the creditworthiness analysis, but can be useful in identifying agricultural companies with long-term financial difficulties especially if other, non-financial variables are included.


Пуни текст:

PDF


DOI: http://dx.doi.org/10.7251/AGREN1704227S

Рефбекови

  • Тренутно не постоје рефбекови.


ARHIVA ČASOPISA


IMPRESUM ČASOPISA


UPUTSTVO ZA AUTORE

 

Prednosti objavljivanja rada u časopisu Agroznanje?

- indeksiranost u sljedećim bazama podataka: CAB Abstracts, CABI Full Text, EBSCO i CrossRef;
- pristup svim objavljenim radovima je otvorenog tipa;
- brze, nepristrasne i konstruktivne recenzije;
- svi autori su oslobođeni plaćanja za objavu rada u časopisu;
- besplatna usluga lekture rada za sve autore, a posebno za autore iz država van engleskog govornog područja;
- CrossCheck Plagiarism provjera originalnosti radova;

 

SLANJE RADOVA:
editor.agroknowledge@agro.unibl.org
agroznanje@gmail.com

Kontakt adresa:
Univerzitet u Banjoj Luci
Poljoprivredni fakultet
(za redakciju časopisa Agroznanje)
Bulevar vojvode Petra Bojovića 1A
78000 Banja Luka
Republika Srpska
Bosna i Hercegovina

Izdavač časopisa:
Poljoprivredni fakultet /// Univerzitet u Banjoj Luci

Sufinansiranje izdavanja časopisa:
Ministarstvo za naučnotehnološki razvoj, visoko obrazovanje i informaciono društvo Republike Srpske

UDC obrada i internet arhiva časopisa:
Narodna i univerzitetska biblioteka Republike Srpske

 

Creative Commons License

ISSN 2233-0070 (elektronsko izdanje)