Assessment of the Insolvency Risk in Companies Listed on the Bucharest Stock Exchange

Balteș Nicolae () and Pavel Ruxandra Maria
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Balteș Nicolae: Faculty of Economics, „Lucian Blaga” University of Sibiu, Romania
Pavel Ruxandra Maria: Faculty of Economics, „Lucian Blaga” University of Sibiu, Romania

Studia Universitatis „Vasile Goldis” Arad – Economics Series, 2019, vol. 29, issue 4, 58-71

Abstract: The present study presents, from the theoretical and pragmatic point of view, 6 of the established score models regarding the assessment of the insolvency risk, belonging to the Anglo-Saxon, Continental and Romanian schools. The research sample is made up of 26 companies belonging to the hotel industry and restaurants, listed on the Bucharest Stock Exchange. The research was carried out over a period of 11 years (2007-2017). Following the application of the score models, it was found that during the period covered by the research, a number of 14 companies had a relatively high insolvency risk and 12 of them had a relatively low insolvency risk.

Keywords: insolvency risk; bankruptcy; financial difficulty; score models; financial performance (search for similar items in EconPapers)
JEL-codes: G15 G32 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:suvges:v:29:y:2019:i:4:p:58-71:n:4

DOI: 10.2478/sues-2019-0018

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