IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-319-76228-9_21.html
   My bibliography  Save this book chapter

Failure Models for Insolvency and Bankruptcy

In: Contemporary Trends and Challenges in Finance

Author

Listed:
  • Piotr Staszkiewicz

    (Warsaw School of Economics)

  • Bartosz Witkowski

    (Warsaw School of Economics)

Abstract

This working paper discusses the problem of mutual use the insolvency and bankruptcy variable for business failure modeling. The research shows how the terms bankruptcy and insolvency modeling on the unformal dataset might result in different fits of the models. Models were estimated based on 17,024 firm’s yearly observations from the 2004 to 2014 for the Polish financial market. Following priory research, the models were developed with application of the logit regression. The evidence gathered during the study supports the conclusion that the use of the legal definition of insolvency is a weak instrument for bankruptcy modeling.

Suggested Citation

  • Piotr Staszkiewicz & Bartosz Witkowski, 2018. "Failure Models for Insolvency and Bankruptcy," Springer Proceedings in Business and Economics, in: Krzysztof Jajuga & Hermann Locarek-Junge & Lucjan T. Orlowski (ed.), Contemporary Trends and Challenges in Finance, pages 219-225, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-76228-9_21
    DOI: 10.1007/978-3-319-76228-9_21
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-319-76228-9_21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.