Symptoms of Bankruptcy and Prediction Models of Bankruptcy Risk

Daniela Ciotina and Ioan Marius Ciotina
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Daniela Ciotina: “Alexandru Ioan Cuza†University, Faculty of Economics and Business Administration, Iasi
Ioan Marius Ciotina: “Alexandru Ioan Cuza†University, Faculty of Economics and Business Administration, Iasi

Anale. Seria Stiinte Economice. Timisoara, 2013, vol. XIX, 114-121

Abstract: This paper makes a brief literature review on symptoms of bankruptcy and prediction models of bankruptcy risk. When it comes to bankruptcy we must start from the symptoms that lead to the financial failure of a company. Financial failure or bankruptcy of a company is an event that may cause losses to banks, suppliers, shareholders and the wider community; they are interested in predicting bankruptcy of a company and how and when it will fail. Bankruptcy is often a consequence of the inefficiency of an enterprise and the decision of stakeholders to recover investments by issuing a declaration of bankruptcy. A survey of the literature shows that most international studies in failure prediction involving MDA (Multiple Discrimination Analysis).

Keywords: bankruptcy; MDA; symptoms; predicting models; literature review (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:tdt:annals:v:xix:y:2013:p:114-121

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