SHS Web Conf.
Volume 115, 2021Current Problems of the Corporate Sector 2021
|Number of page(s)||10|
|Section||Current Financial Problems of the Corporate Sector|
|Published online||14 July 2021|
Reliability of the Slovak Legislative Categorization in Comparison with the Selected Prediction Models - Application in Companies from the Creative Industry – Architecture in Slovakia
University of Economics in Bratislava, Faculty of Business Management, Department of Business Economy, Dolnozemská cesta 1/b, 852 35 Bratislava, Slovak Republic
* Corresponding author: firstname.lastname@example.org
One of the important changes in the world economies is the increasing significance of the human capital and high emphasis on the Creative Industry. Many companies have been founded within this sector, and like the classic industrial companies, these also need to use models to analyze their financial health and predict their future development. Thus, the Authors decided to verify whether the categorization of the financial situation of the companies based on the Slovak legislative corelate with renowned models like the Altman Z-Score, the IN05 and Creditworthiness Indexes, the Quick Test and the Taffler model. Within the Creative Industry, the Authors targeted the sector of Slovak Architecture and focused on the legislative categorization based on the Acts No. 513/1991 Coll. and 7/2005 of the Commercial Code, as amended. According to the statistical testing results, it was the Quick Test which showed the highest rate of correlation to the legislative Acts. However, the current design of the Quick Test is not sufficient enough to assess the companies in architecture which, based on their results, fall into the so-called grey zone. Therefore, the Authors declare that it might be necessary to form a new predictive model for the assessment of a company’s financial health for the Creative Industry.
© The Authors, published by EDP Sciences, 2021
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