 Proposal for a Decision Support System to Predict Financial DistressREVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2015, vol. 16, issue 1, 112-118 Abstract: In the context of economic instability a decision support system that could provide early warning signals of financial distress to a company a few years before actually turning to insolvency could play an important role in the decision making processes inside a company. Thus, the aim of this paper consists in developing a decision support system for financial distress for the case of the Romanian companies listed on the Bucharest StockExchange. A practical solution for predicting financial distress with one or even two years in advance is presented and the results of the models’ prediction accuracy areencouraging us to believe that these models can actually improve the strategic management and planning departments in a company. Keywords: SMEs; decision support system; financial distress; prediction. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:rom:rmcimn:v:16:y:2015:i:1:p:112-118 Access Statistics for this article REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT is currently edited by Marian Nastase More articles in REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT from Faculty of Management, Academy of Economic Studies, Bucharest, Romania Contact information at EDIRC. |
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