THE COMPARISON OF PREDICTION ABILITY OF SELECTED BANKRUPTCY MODELS IN THE GLASSMAKING INDUSTRY IN THE CZECH REPUBLIC

Financial analysis presents one of the most important areas of interest in every successful company, because it can provide a huge amount of indicators and models in different areas, as well as some complex models, namely bankruptcy and credibility models, where these models usually provide one specific number and compare this number with recommended value. This article presents the analysis of different bankruptcy models, more precisely, authors are focusing on not so frequently used bankruptcy models, namely Beerman's discriminating function and Beaver's model. The authors are evaluating one particular industry sector, glassmaking industry, with the aim to compare the results of above mentioned models themselves and also in different regions of the Czech Republic. The data used for calculation of above mentioned models have been obtained in database Albertina, where it is possible to find basic accounting data, which are necessary for calculation of every indicator from financial analysis. Covered period of time is since 2010 to 2014. The results show that there exist differences between different models, while there are no significant differences in the terms of companies' location. More details are described in this article.