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Menadžment u hotelijerstvu i turizmu
2019, vol. 7, br. 2, str. 87-95
jezik rada: engleski
vrsta rada: pregledni članak
objavljeno: 26/12/2019
doi: 10.5937/menhottur1902087M
Predviđanje bankrotstva hotelskih preduzeća u Republici Srbiji primenom Altmanovog Z-score modela
aUniverzitet u Kragujevcu, Fakultet za hotelijerstvo i turizam, Vrnjačka Banja
bUniverzitet u Beogradu, Fakultet organizacionih nauka

e-adresa: marko.milasinovic@kg.ac.rs

Sažetak

Praćenje finansijskog zdravlja preduzeća radi sprečavanja nastupanje bankrotstva, nije samo predmet interesovanja vlasnika, menadžmenta i kreditora kako se nekad mislilo, već je predmet interesovanja i šire društvene zajednice zbog posledica koje bankrotstvo može da izazove. Postoje brojni modeli za predviđanje nastanka bankrotstva preduzeća, ali jedan od najčešće korišćenih jeste Altmanov Z-score model. Vremenom je model modifikovan, tako da od početnog oblika koji je bio namanjen isključivo za proizvodna preduzeća, danas imamo model koji se može primenjivati kako za proizvodna, tako i za uslužna javna i privatna preduzeća, kao i za preduzeća koja posluju na tržištima u razvoju. U radu je korišćen Altmanov Z-score model za preduzeća koja posluju na tržištima u razvoju kako bi se ocenilo finansijsko zdravlje, odnosno mogućnost nastanka bankrotstva kod uzorka od 7 hotelskih preduzeća čije akcije su kotirane na Beogradskoj berzi.

Ključne reči

bankrotstvo; finansijsko zdravlje; Altmanov Z-score model; hotelska preduzeća; Beogradska berza

Reference

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