ANDREICA Madalina Ecaterina () (The Bucharest Academy of Economic Studies, Romania) ANDREICA Mugurel Ionut () (Politehnica University, Bucharest, Romania) ANDREICA Marin () (The Bucharest Academy of Economic Studies, Romania)
Abstract
In the context of the current financial crisis, when more companies are facing bankruptcy or insolvency, the paper aims to find methods to identify distressed firms by using financial ratios. The study will focus on identifying a group of Romanian listed companies, for which financial data for the year 2008 were available. For each company a set of 14 financial indicators was calculated and then used in a principal component analysis, followed by a cluster analysis, a logit model, and a CHAID classification tree.
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Volume (Year): 12 (2009) Issue (Month): 1 Special (July) Pages: 46-55 Download reference. The following formats are available: HTML
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Find related papers by JEL classification: G01 - Financial Economics - - General - - - Financial Crises G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
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