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A Model For Evaluating The Bankruptcy Risk Of The Romanian Companies

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  • Lect. Ph.D Circiumaru Daniel

    (University of Craiova, Faculty of Economy and Business Administration, Craiova, Romania)

Abstract

The paper presents a score function elaborated in order to evaluate the bankruptcy risk of the Romanian industrial companies. For this purpose, I have used a 152 industrial companies sample, listed on Rasdaq, divided into 83 non-bankrupt companies and 69 bankrupt. The data comprised a 4 year retrospective period, between 1999 and 2002. The score function, elaborated using the discriminant analysis, has six ratios and has accuracy in predicting the failure of 89.29%, which is considered to be quite high, very closed to the similar models from the specialized literature.

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Bibliographic Info

Article provided by University of Craiova, Faculty of Economics and Business Administration in its journal Revista Tinerior Economisti(The Young Economists Journal).

Volume (Year): 1 (2010)
Issue (Month): 14 (April)
Pages: 35-40

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Handle: RePEc:aio:rteyej:v:1:y:2010:i:14:p:35-40

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Keywords: score function; bankruptcy risk; financial ratios; discriminant analysis;

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