Bankruptcy Prevention: New Effort to Reflect on Legal and Social Changes.
Every corporation has an economic and moral responsibility to its stockholders to perform well financially. However, the number of bankruptcies in Slovakia has been growing for several years without an apparent macroeconomic cause. To prevent a rapid denigration and to prevent the outflow of foreign...
| Publicado en: | Science & Engineering Ethics Vol. 24; no. 2; pp. 791 - 804 |
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| Autores principales: | , , , |
| Formato: | Artículo |
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Springer Nature
Apr2018
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=128766128&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 128766128 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 13533452 GNI jtl: Science & Engineering Ethics issn: 13533452 maglogo: N pubinfo: dt: Apr2018 vid: 24 iid: 2 pid: 237 pub: Springer Nature artinfo: ui: 128766128 10.1007/s11948-017-9912-4 ppf: 791 ppct: 13 formats: fmt: – @attributes: type: T – @attributes: type: P size: 361KB tig: atl: Bankruptcy Prevention: New Effort to Reflect on Legal and Social Changes. aug: au: Kliestik, Tomas Misankova, Maria Valaskova, Katarina Svabova, Lucia affil: Department of Economics, Faculty of Operation and Economics of Transport and Communications, University of Zilina, Univerzitna 8215/1, 010 26, Zilina, Slovak Republic su: Bankruptcy prevention Engineering economy Customer services Globalization & society Probability theory sug: subj: Bankruptcy prevention Engineering economy Customer services Globalization & society Probability theory keyword: Bankruptcy prediction tools Engineering economics Responsible management ab: Every corporation has an economic and moral responsibility to its stockholders to perform well financially. However, the number of bankruptcies in Slovakia has been growing for several years without an apparent macroeconomic cause. To prevent a rapid denigration and to prevent the outflow of foreign capital, various efforts are being zealously implemented. Robust analysis using conventional bankruptcy prediction tools revealed that the existing models are adaptable to local conditions, particularly local legislation. Furthermore, it was confirmed that most of these outdated tools have sufficient capability to warn of impending financial problems several years in advance. A novel bankruptcy prediction tool that outperforms the conventional models was developed. However, it is increasingly challenging to predict bankruptcy risk as corporations have become more global and more complex and as they have developed sophisticated schemes to hide their actual situations under the guise of “optimization” for tax authorities. Nevertheless, scepticism remains because economic engineers have established bankruptcy as a strategy to limit the liability resulting from court-imposed penalties. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Science & Engineering Ethics is a copyright of Springer, 2018. All Rights Reserved. item: Science & Engineering Ethics holder: Springer Nature dt: @attributes: year: 2018 holdings: @attributes: islocal: N |
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