Hrvatsko društvo ekonomista

ARTICLES ::: AUTHORS ::: ARTICLES SEARCH

August 2009. ::: Vol.60 No.07-08

Robert Zenzerović
Ticijan Peruško

GOING CONCERN ESTIMATION IN TRANSITIONAL ENVIRONMENT – EMPIRICAL EVIDENCE FROM CROATIA Izvorni znanstveni članak The purpose of this article is to point out the importance of going concern estimation in dynamic transitional environment. In this sense the objective of article is held in derivation of going concern estimation model that will be able to estimate this basic accounting assumption in the two year run. Going concern estimation model is the result of empirical research performed on the sample of 110 companies operating in Croatian transitional environment. In model derivation the logistic regression analysis was employed and it resulted in three independent variables extraction. The most significant extracted independent variables belong to liquidity and solvency ratios group and group of ratios that relates revenues to expenses. Developed going concern estimation model represent diagnostic and prognostic tool that expand existing estimation models in qualitative manner. The model specificity consists in going concern estimation particularly suitable for transitional environment. Wide aspects of model’s use emphasize its practical value not only on micro level, but on the level of branches and economy as a whole making in this way starting point for macroeconomic management decision making. Going concern assumption; Financial crisis; Logistic regression analysis; Going concern estimation model in transitional environment Puni tekst (Hrvatski) Str. 348 - 368 (pdf, 284.75 KB)

GOING CONCERN ESTIMATION IN TRANSITIONAL ENVIRONMENT – EMPIRICAL EVIDENCE FROM CROATIA

Izvorni znanstveni članak

The purpose of this article is to point out the importance of going concern estimation in dynamic transitional environment. In this sense the objective of article is held in derivation of going concern estimation model that will be able to estimate this basic accounting assumption in the two year run. Going concern estimation model is the result of empirical research performed on the sample of 110 companies operating in Croatian transitional environment. In model derivation the logistic regression analysis was employed and it resulted in three independent variables extraction. The most significant extracted independent variables belong to liquidity and solvency ratios group and group of ratios that relates revenues to expenses. Developed going concern estimation model represent diagnostic and prognostic tool that expand existing estimation models in qualitative manner. The model specificity consists in going concern estimation particularly suitable for transitional environment. Wide aspects of model’s use emphasize its practical value not only on micro level, but on the level of branches and economy as a whole making in this way starting point for macroeconomic management decision making.

Going concern assumption; Financial crisis; Logistic regression analysis; Going concern estimation model in transitional environment

Puni tekst (Hrvatski) Str. 348 - 368 (pdf, 284.75 KB)