Modeling of Polish Enterprises Insolvency Processes with the Use of Gorbatov Characterization Principle - Research Results

Prokopowicz Tomasz and Krupa Tadeusz
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Prokopowicz Tomasz: Faculty of Management, Warsaw University of Technology, 02-524 Warszawa, Poland
Krupa Tadeusz: Faculty of Management, Warsaw University of Technology, 02-524 Warszawa, Poland

Foundations of Management, 2010, vol. 2, issue 1, 71-98

Abstract: Economical activities of enterprises should be based on such managerial decisions that assure quick and effective adjustment of the company to the changes that appear in the market. Enterprises, which are not able to use their opportunities and avoid threats, are bound to face the thread of insolvency. Effects of the insolvency are felt not only by the enterprise, but also by its creditors. Therefore, it is necessary to elaborate a warning system that will beforehand allow diagnosing the condition of the enterprise and setting necessary directions for the company to avoid insolvency. The article presents research results on the use of characterization theory in the creation of insolvency threat evaluation model based on Polish enterprises.

Keywords: characterization theory; corporate bankruptcy; bankruptcy prediction; corporate crisis management; model of bankruptcy prediction; characterization theory; corporate bankruptcy; bankruptcy prediction; corporate crisis management; model of bankruptcy prediction (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:founma:v:2:y:2010:i:1:p:71-98:n:5

DOI: 10.2478/v10238-012-0022-y

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