Assessment of the Forecasting Capacity of the Bankruptcy Prediction Models in Companies Listed on the Stock Exchange in Chile and Brazil

Benito Umaña-Hermosilla, Edinson Cornejo-Saavedra, Valeria Riquelme-Garcés, Hanns de la Fuente-Mella, Claudio Elórtegui-Gómez

Producción científica: Capítulo del libro/informe/acta de congresoContribución a la conferenciarevisión exhaustiva

Resumen

In this research, the bankruptcy situation of companies listed on the Santiago de Chile Stock Exchange and the São Paulo Stock Exchange are tested, through models: Z-Score, Logit and Probit, comparing the forecast of the companies classified as likely to fail, in order to assess whether the models could anticipate a possible crisis situation. The results indicate that, for the year 2016, the bankruptcy of 13 Chilean companies and 59 Brazilian companies, mostly belonging to the construction and manufacturing sector in both countries, was forecast. It is concluded that the Z-Score and Z1 Models would be more applicable to the economies under study, as they were correct in the forecast of all Chilean companies and 49 Brazilian companies, and it is always necessary to complement the tools oriented to financial analysis.

Idioma originalInglés
Título de la publicación alojadaAdvances in Human Factors, Business Management and Leadership - Proceedings of the AHFE 2021 Virtual Conferences on Human Factors, Business Management and Society, and Human Factors in Management and Leadership, 2021
EditoresJussi Ilari Kantola, Salman Nazir, Vesa Salminen
EditorialSpringer Science and Business Media Deutschland GmbH
Páginas119-128
Número de páginas10
ISBN (versión impresa)9783030808754
DOI
EstadoPublicada - 2021
EventoAHFE Conferences on Human Factors, Business Management and Society, and Human Factors in Management and Leadership, 2021 - Virtual, Online
Duración: 25 jul. 202129 jul. 2021

Serie de la publicación

NombreLecture Notes in Networks and Systems
Volumen267
ISSN (versión impresa)2367-3370
ISSN (versión digital)2367-3389

Conferencia

ConferenciaAHFE Conferences on Human Factors, Business Management and Society, and Human Factors in Management and Leadership, 2021
CiudadVirtual, Online
Período25/07/2129/07/21

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