The traditional concept of variable and fixed cost behavior is not accepted by all authorities in cost and management accounting (e.g., Anderson, Banker, and Janakiraman 2003; Kaplan and Witkowski 2014). This paper proposes a nexus of cost contracts theory in which costs are fixed and variable with...

Predicting bankruptcy of companies has been a hot subject of focus for many economists. The rationale for developing and predicting the financial distress of a company is to develop a predictive model used to forecast the financial condition of a company by combining several econometric...

This paper is focused on the financial situation of enterprises introducing safeguard procedure (in other words moratorium) in the Czech Republic. The paper's aim is to show if the enterprises asking for the safeguard procedure do have financial conditions for recovering and maintaining the...

This paper investigates how the process of going bankrupt can be recognized much earlier by enterprises than by traditional forecasting models. The presented studies focus on the assessment of credit risk classes and on determination of the differences in risk class migrations between...