THE SCORE MODELS FOR ANALYZING THE BANKRUPTCY RISK. SOME SPECIFIC FEATURES FOR THE CASE OF ROMANIA

Daniel Cîrciumaru
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Daniel Cîrciumaru: University of Craiova Faculty of Economics and Business Administration Craiova, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2012, vol. 1, issue 18, 200-207

Abstract: The paper presents some of the most relevant score functions developed worldwide, used to assess the bankruptcy risk. Among these, we mention the Altman model, developed in 1968, the model elaborated by the Central Bank of France, by Conan and Holder, or by Ohlson. Also, we present the models developed in Romania, with the specific features that such score functions have for the Romanian theory and practice. We also emphasize the limits of using the score functions in analyzing the bankruptcy risk and the difficulties of elaborating them for the case of Romania

Keywords: critical; statistical methodology; discriminant analysis; bankruptcy risk; failure; financial distress; score function. (search for similar items in EconPapers)
JEL-codes: G32 G33 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2012:i:18:p:200-207

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