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Bankruptcy Risk Analysis Based on the Patrimonial Balance Sheet

Author

Listed:
  • Ilie Răscolen

    (University of PetroÅŸani)

  • Ileana – Sorina Rakos

    (University of PetroÅŸani)

Abstract

Due to the fact that the results obtained and those expected are permanently under the influence of unforeseen events that may occur at any time of the activity of an economic operator, in the competitive economy, the viability of any business is linked to risk. The risk is related to uncertainty, which expresses a state of uncertainty regarding the future. In the paper, the authors try to present by statistical methods, respectively by the method of scores and by the method of financial diagnosis, an analysis regarding the risk of bankruptcy based on the financial-accounting function, which mainly focuses on profitability and risks. Within the financial-patrimonial analysis of an economic entity, a particular place is occupied by its ability to be solvable, but without losing sight of the risk analysis of bankruptcy. The authors believe that any activity involving a consumption of capital is subject to risks that accompany profitability. The paper concludes with the authors’ conclusions regarding the need for bankruptcy risk analysis.

Suggested Citation

  • Ilie Răscolen & Ileana – Sorina Rakos, 2019. "Bankruptcy Risk Analysis Based on the Patrimonial Balance Sheet," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 869-878, December.
    • Handle: RePEc:ovi:oviste:v:xix:y:2019:i:2:p:869-878
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    More about this item

    Keywords

    analysis; financial balance; bankruptcy; risk; solvency;
    All these keywords.

    JEL classification:

    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • G19 - Financial Economics - - General Financial Markets - - - Other
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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