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Bankruptcy-prediction models for Russian enterprises: Specific sector-related characteristics

Author

Listed:
  • E. A. Fedorova

    (Higher School of Economics
    Financial University under the Government of the Russian Federation)

  • S. E. Dovzhenko

    (St. Petersburg State University)

  • F. Yu. Fedorov

    (Financial University under the Government of the Russian Federation)

Abstract

Analyzing the accounting reports of 8573 Russian companies, the article determined the threshold values of the indicators for known foreign and domestic bankruptcy probability models for ten sectors of the economy. The developed a ten-factor bankruptcy model is based on sector-specific threshold values and has a relatively high predictive power for the majority of sectors.

Suggested Citation

  • E. A. Fedorova & S. E. Dovzhenko & F. Yu. Fedorov, 2016. "Bankruptcy-prediction models for Russian enterprises: Specific sector-related characteristics," Studies on Russian Economic Development, Springer, vol. 27(3), pages 254-261, May.
    • Handle: RePEc:spr:sorede:v:27:y:2016:i:3:d:10.1134_s1075700716030060
    DOI: 10.1134/S1075700716030060
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    References listed on IDEAS

    as
    1. Edward I. Altman, 1968. "The Prediction Of Corporate Bankruptcy: A Discriminant Analysis," Journal of Finance, American Finance Association, vol. 23(1), pages 193-194, March.
    2. Beaver, Wh, 1966. "Financial Ratios As Predictors Of Failure," Journal of Accounting Research, Wiley Blackwell, vol. 4, pages 71-111.
    3. Edward I. Altman, 1968. "Financial Ratios, Discriminant Analysis And The Prediction Of Corporate Bankruptcy," Journal of Finance, American Finance Association, vol. 23(4), pages 589-609, September.
    4. Ohlson, Ja, 1980. "Financial Ratios And The Probabilistic Prediction Of Bankruptcy," Journal of Accounting Research, Wiley Blackwell, vol. 18(1), pages 109-131.
    5. Zmijewski, Me, 1984. "Methodological Issues Related To The Estimation Of Financial Distress Prediction Models," Journal of Accounting Research, Wiley Blackwell, vol. 22, pages 59-82.
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    Cited by:

    1. Błażej Prusak, 2018. "Review of Research into Enterprise Bankruptcy Prediction in Selected Central and Eastern European Countries," IJFS, MDPI, vol. 6(3), pages 1-28, June.
    2. Gintare Giriūniene & Lukas Giriūnas & Mangirdas Morkunas & Laura Brucaite, 2019. "A Comparison on Leading Methodologies for Bankruptcy Prediction: The Case of the Construction Sector in Lithuania," Economies, MDPI, vol. 7(3), pages 1-20, August.

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