Author, as appears in the article.: Alvarez-Ferrer, Antonio; Campa-Planas, Fernando
Department: Gestió d'Empreses
URV's Author/s: Campa Planas, Fernando
Keywords: Z-scoring Hospitality Financial ratios Business failure prediction Business failure Bankruptcy process
Abstract: The main goal of this study is to carry out an analysis about the bankrupt of companies in the hospitality sector in Spain from 2007 to 2017, applying prediction formulas of business failure. The development of models for insolvency prediction began in the United States with the pioneering works of Beaver and Altman in the 1960s. After years of methodological improvements and studies applied to different sectors, it has not been possible to unify a method applicable by the Academia. Therefore, the realization of this study has been using the formula Z of Altman of 1968 and 1983 and compare them with the formula Z of Amat et al. of 2017. The two methods of Z-Score applied to the companies of the hospitality sector in Spain in bankruptcy process show us a highly percentage of matches in the exercises before the official bankruptcy process, being Altman the one that obtains a better approach to the total number of bankruptcy companies.
Thematic Areas: Tourism, leisure and hospitality management Sociology Revistas de historia y filosofía Revistas de ciencias economicas y empresariales Political sciences and international relations Nature and landscape conservation Linguística e literatura Interdisciplinary research in the social sciences Interdisciplinar Human geography and urban studies Hospitality, leisure, sport & tourism Geography, planning and development Geografía Engenharias iii Economics Economia Ciencias sociales Antropologia / arqueologia Administração pública e de empresas, ciências contábeis e turismo
licence for use: https://creativecommons.org/licenses/by/3.0/es/
ISSN: 11397861
Author's mail: fernando.campa@urv.cat fernando.campa@urv.cat
Author identifier: 0000-0001-7175-6698 0000-0001-7175-6698
Record's date: 2024-07-27
Papper version: info:eu-repo/semantics/publishedVersion
Link to the original source: https://search.proquest.com/openview/b0f26f2b998d7da4abff43f71cb34b34/1?pq-origsite=gscholar&cbl=2035771
Licence document URL: https://repositori.urv.cat/ca/proteccio-de-dades/
Papper original source: Cuadernos De Turismo. (45): 33-59
APA: Alvarez-Ferrer, Antonio; Campa-Planas, Fernando (2020). The prediction of business failure in the hospitality business. Cuadernos De Turismo, (45), 33-59. DOI: 10.6018/turismo.426031
Article's DOI: 10.6018/turismo.426031
Entity: Universitat Rovira i Virgili
Journal publication year: 2020
Publication Type: Journal Publications