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Dometi i ograničenja modela za procjenu vjerovatnoće bankrota emitenata na tržištu u razvoju

  • September 2019
  • Conference: Jačanje kredibiliteta računovodstvene profesije kao imperativ zaštite javnog interesa
  • At: Banja Vrućica
Authors:
Miloš Grujić at Independent University of Banja Luka
Miloš Grujić
  • Independent University of Banja Luka
Bojan Baskot at University of Banja Luka
Bojan Baskot
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Abstract

U radu su upoređeni rezultati istraživanja za preduzeća koja jesu i koja nisu u postupku stečaja. Osim toga, u radu su analizirani i pokazatelji poput efekta bankrota preduzeća na lokalnu zajednicu. Istraživačko pitanje glasi: “Da li je i u kojoj mjeri navedeni model primjenjiv na tržištu u razvoju”? Metode korištene u radu su analiza i sinteza prethodnih istraživanja i teoretskih nalaza, te pregled svih „živih“ preduzeća na Banjalučkoj berzi, da bi zaključci bili izvučeni metodom indukcije. Dobijeni rezultati ogledaju se u tome što su objašnjene mogućnosti te dometi i ograničenja modela za procjenu bankrota. Zaključak je da Altmanov Z’’- score model za tržišta u razvoju omogućava razdvajanje finansijski zdravih preduzeća od onih kojima prijeti stečaj, ali sam rezultat, bez ozbiljne analize bilansa, može dovesti do velikih zabluda. Dobijeni rezultati korisni za stručnu i za širu javnost jer bacaju novo svjetlo na poslovanje listiranih preduzeća na Banjalučkoj berzi. Osim toga, rad ukazuje na potencijal i neiskorištenost mogućnosti upotrebe ovog modela tako što se dolazi do razumljive ocjene, odnosno rejtinga posmatranog društva, što olakšava donošenje investionih odluka i uporedivosti rezultata.
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DOMETI I OGRANIČENjA MODELA ZA PROCJENU VJEROVATNOĆE BANKROTA EMITENATA NA TRŽIŠTU U RAZVO
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