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Forecasting bankruptcy in the wood industry
European Journal of Wood and Wood Products ( IF 2.4 ) Pub Date : 2020-11-26 , DOI: 10.1007/s00107-020-01620-y
Tomasz Noga , Krzysztof Adamowicz

The assessment of a company’s financial condition is an effective tool, which supports the management system. Nowadays a number of models are available, most often multi-branch ones, which are able to predict the financial situation of an enterprise. Models solely intended for just one line of business are a rarity. As far as the wood sector is concerned, no homogenous model suited to the sector has been created. The article aims to present the final stage of research dealing with predicting bankruptcy in the wood sector. The bankruptcy prediction model presented in this paper, called the model for forecasting bankruptcy of wood enterprises (FMWE), has been developed specifically for the wood sector. The process of model construction was presented and the correctness of forecasts built with the use of FMWE was verified. The predictions were based on 1-, 2- or 3-year periods. Furthermore, the effectiveness of the FMWE projections was compared to the 10 most popular bankruptcy prediction models used in Poland. It was observed that in comparison with other prediction models, FMWE predictions for this particular industry indicate greater credibility, up to 90%, for 1-year and 2-year predictions.



中文翻译:

预测木材行业的破产

评估公司的财务状况是一种有效的工具,它支持管理系统。如今,有许多模型可用,大多数情况下是多分支的,可以预测企业的财务状况。仅用于一种业务的模型很少见。就木材部门而言,尚未创建适合该部门的同质模型。本文旨在介绍木材行业破产预测研究的最后阶段。本文介绍的破产预测模型,称为木材企业破产预测模型(FMWE),是专门为木材部门开发的。介绍了模型构建的过程,并验证了使用FMWE建立的预测的正确性。这些预测基于1年,2年或3年期。此外,将FMWE预测的有效性与波兰使用的10种最流行的破产预测模型进行了比较。据观察,与其他预测模型相比,针对该特定行业的FMWE预测表明1年和2年预测的可信度更高,高达90%。

更新日期:2020-11-27
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