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A Model For Evaluating The Bankruptcy Risk Of The Romanian Companies

Author

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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.

Suggested Citation

  • Lect. Ph.D Circiumaru Daniel, 2010. "A Model For Evaluating The Bankruptcy Risk Of The Romanian Companies," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(14), pages 35-40, April.
    • Handle: RePEc:aio:rteyej:v:1:y:2010:i:14:p:35-40
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    More about this item

    Keywords

    score function; bankruptcy risk; financial ratios; discriminant analysis;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other

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