Bankruptcy Risk in IFRS Era. Case Study on BSE Companies

Valentin Burca ()
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Valentin Burca: West University of Timisoara, Romania

Economics and Applied Informatics, 2013, issue 3, 61-70

Abstract: The path of international accounting convergence is, unanimously accepted by all decision makers of the international financial reporting environment, as being the best solution towards reducing differences in international accounting. The idea of core standards is embraced by our country, too, the proof being the last legislative changes in Romanian accounting framework. This study aims to highlight a small part of the economic consequences of the decision to extend the mandatory use of IFRS standards to the statutory financial statements, also. More exactly we will underline the changes registered at the level of bankruptcy risk measureson a samples of companies listed on BSE.

Keywords: International accounting convergence; IFRS; Bankruptcy; Domestic accounting standards; Scor model; Principal components (search for similar items in EconPapers)
JEL-codes: G33 M40 M41 (search for similar items in EconPapers)
Date: 2013
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