FACTORS INFLUENCING INSOLVENCY AT THE LEVEL OF COMPANIES

Gabriel-Constantin Morar
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Gabriel-Constantin Morar: West University of Timișoara

Management Intercultural, 2016, issue 36, 135-142

Abstract: The purpose of the study from the present work was to assess the risk of insolvency at the level of companies in Romania, via an analysis based on the calculation of financial ratios as significant for the state of companies. The correlations established between the values of financial rates and their influence upon the state of insolvency were tested using the logistic model and the probability model on a data sample consisting of a total of ten companies, grouped into companies in insolvency and companies with healthy financial statements having as reference period 2008 - 2012. The results of the study point to the direct influence of indebtedness and speed of rotation of the insolvency claims.

Keywords: Insolvency; Level of indebtedness; Investments; Financial profitability; Bankruptcy (search for similar items in EconPapers)
JEL-codes: G33 G34 P34 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:interc:y:2016:i:36:p:135-142

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