Issues and Challenges for Bankruptcy Risk Assessment in Bulgarian Companies Cover Image

Проблеми и предизвикателства при оценяване на риска от несъстоятелност в български компании
Issues and Challenges for Bankruptcy Risk Assessment in Bulgarian Companies

Author(s): Atanas Delev
Subject(s): Economy, National Economy, Business Economy / Management
Published by: Институт за икономически изследвания при Българска академия на науките
Keywords: G33; L25

Summary/Abstract: The main purpose of this paper is to analyze the key issues and challenges in assessing the risk of bankruptcy in Bulgarian companies. The results of seven bankruptcy prediction models are analyzed. Significant differences were found between the forecasts that give certain models. The error of the second type of bankruptcy prediction models was analyzed. Certain models have satisfactory error values of the second type, while others have too high values of this error. There is a need of a bankruptcy prediction model that offers adequate performance.

  • Issue Year: 2016
  • Issue No: 3
  • Page Range: 118-136
  • Page Count: 19
  • Language: Bulgarian