Issues and Challenges for Bankruptcy Risk Assessment in Bulgarian Companies

Atanas Delev

Economic Studies journal, 2016, issue 3, 118-136

Abstract: The main purpose of this paper is to analyze the key issues and challenges in assessing the risk of bankruptcy in Bulgarian companies. The results of seven bankruptcy prediction models are analyzed. Significant differences were found between the forecasts that give certain models. The error of the second type of bankruptcy prediction models was analyzed. Certain models have satisfactory error values of the second type, while others have too high values of this error. There is a need of a bankruptcy prediction model that offers adequate performance.

JEL-codes: G33 L25 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2016:i:3:p:118-136

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