Title Impact of mobility package on bankruptcy risk assessment in transportation sector in lithuania /
Translation of Title Mobilumo paketo įtaka Lietuvos transporto sektoriaus įmonių bankroto rizikos vertinimui.
Authors Deikutė, Laura
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Pages 41
Keywords [eng] Bankruptcy risk, Mobility package, Transportation sector, probability of default, Altman's model, regression analysis
Abstract [eng] The main purpose of this master thesis is to evaluate the impact of the Mobility package to bankruptcy risk assessment of transportation sector companies in Lithuania. The Master thesis consists of three main parts; the analysis of literature, the research and results of it, conclusion and recommendations. Literature analysis reviews the concept of bankruptcy, classification and application of bankruptcy prediction models. 5 biggest SME Lithuanian transportation companies were investigated. Annual financial data of 2016-2019 of companies were used. Firstly, Altman’s model applied to see how probability of default changed during investigated period. After that the results of first research used in regression analysis. Probability of default used as dependent variable together with a set of explanatory variables and Mobility package dummy variables. The research results showed that the announcement of the Mobility package general approach has had negative effect on the probability of default. However, as effect came out statistically insignificant, the possible reasons for such result are likely the sample selection. It is way harder to evaluate political decisions impact for companies whose stocks are not traded in stock exchange market, as the change in stock price is very sensitive and moves with every announcement. The conclusions and recommendations summarise the main concepts of literature analysis as well as the results of the performed research. The results of the study could give useful guidelines for further researches and for companies that work in transportation sector to evaluate risks and possible increase in costs.
Dissertation Institution Vilniaus universitetas.
Type Master thesis
Language English
Publication date 2021