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The Survey Of Certain Methods And Business Difficulties Or Bankruptcy Prediction Researches

Author

Listed:
  • Domagoj Sajter

    (Faculty of Economics, Osijek)

Abstract

Predicting business difficulties and bankruptcy as a case of extreme business difficulty, is expanding significantly and has already become very popular. The most up-to-date methods and models from different scientific areas are being applied in order to properly inform stakeholders about upcoming events in the companies. This article presents certain key points in the development of this area of economy, accentuating several relevant authors and their research, with specific emphasis on the Republic of Croatia and Croatian papers. Mixed logit model and Neural networks are stressed out as tools of bankruptcy prediction whose wider application in Croatia is still expected.

Suggested Citation

  • Domagoj Sajter, 2009. "The Survey Of Certain Methods And Business Difficulties Or Bankruptcy Prediction Researches," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 18(2), pages 429-452, december.
    • Handle: RePEc:avo:emipdu:v:18:y:2009:i:2:p:429-452
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    File URL: https://hrcak.srce.hr/index.php/clanak/74939
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    More about this item

    Keywords

    bankruptcy; business difficulties; neural networks; mixed logit model;
    All these keywords.

    JEL classification:

    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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