The modelling of forecasting the bankruptcy in Romania

Onofrei, Mihaela and Lupu, Dan (2014): The modelling of forecasting the bankruptcy in Romania. Published in: Economic Computation and Economic Cybernetics Studies and Research , Vol. 48, No. 3 (30 September 2014): pp. 197-217.

Abstract

Bankruptcy prediction and the understanding of the causes for economic failure have a financial utility. The purpose of this study is to compare the predictive power, on the Romanian market, of the most popular bankruptcy models considering the firms listed on the BSE during 2007-2011. Using the principal component analysis, the best bankruptcy predictors of the established financial indicators were determined for Romanian companies.

• Item Type: MPRA Paper
• Language: English
• Keywords: bankruptcy prediction, PCA, MDA analysis, logit analysis
• Subjects: C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C25 - Discrete Regression and Qualitative Choice Models ; Discrete Regressors ; Proportions ; Probabilities; C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C33 - Panel Data Models ; Spatio-temporal Models; C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology ; Computer Programs > C83 - Survey Methods ; Sampling Methods

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