ANALYSIS MODELS OF THE BANKRUPTCY RISK IN ROMANIA’S ENERGY SECTOR

Miron Vasile Cristian Ioachim, Voiculescu Alina and Popa (jeler) Ioana
Additional contact information
Miron Vasile Cristian Ioachim: “1 DECEMBRIE 1918” UNIVERSITY OF ALBA IULIA
Voiculescu Alina: “1 DECEMBRIE 1918” UNIVERSITY OF ALBA IULIA
Popa (jeler) Ioana: “1 DECEMBRIE 1918” UNIVERSITY OF ALBA IULIA

Annals - Economy Series, 2015, vol. 6, 249-256

Abstract: The risk, as a concept found in the economic sphere of business represents an analysis area often approached by researchers from the finance and accounting field. Although it is often seen, along with cost-effectiveness and value, as a fundamental element of finance (Stancu, I., 2007), the risk has often facets that make it useful also in analyzing other sides of the economic sphere of business, such as financial position and economic performance of it. From these meanings, we believe that the most suitable for this purpose is the one through which it is analyzed the ability of an entity to avoid bankruptcy. The present study has as main objectives the presentation of bankruptcy risk of an entity from a theoretical point of view and the analysis (from an empirical and comparative point of view) through the scoring method of the implementation of various models for analyzing the risk of bankruptcy (Altman, Conan-holder, Taffler, Robertson) in Romania’s energy sector, in order to issue an opinion regarding the optimal method for analyzing the bankruptcy risk in the energy sector. The results show that there are significant differences regarding the analysis of the bankruptcy risk through the appliction of different models, proposing the Conan-Holder model as the most appropriate for this sector.

Keywords: bankruptcy risk; risk; Altman; Conan-Holder; Taffler; Robertson. (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.utgjiu.ro/revista/ec/pdf/2015-06/35_Miron,%20Voiculescu.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2015:v:6:p:249-256

Access Statistics for this article

More articles in Annals - Economy Series from Constantin Brancusi University, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ecobici Nicolae ( this e-mail address is bad, please contact ).