Moderniųjų bankroto diagnozavimo modelių taikymas įmonėje
The modern bankruptcy models for diagnosing company

Summary/Abstract: Lithuanian economy by mid-year 2009 has been developing very fast pace because the economy grows, businesses rushed to use the credit on very favorable business development opportunities, increasing corporate debt levels. However, the global financial crisis put further economic development and the evolution of firms have adjusted the opportunities for development. Heads of enterprises is important to the early detection of corporate performance deterioration, factors indicating dysfunction. Consistently measure a company's financial position is very important to choose the most appropriate diagnostic models for bankruptcy to help find effective strategic decision to remove the threat of bankruptcy. To ensure the success of companies, bankruptcy diagnosis is one of the alternatives, taking into account the company's financial condition. Scientists from different countries using statistical financial data for companies invent newer models for the diagnosis of bankruptcy, seeking to evaluate business risks and to provide for bankruptcy under current market conditions. The paper proposes a new classification model for the diagnosis of bankruptcy and bankruptcy of modern diagnostic models. The analysis of the new bankruptcy diagnostic models to determine their suitability, taking into account the likelihood of bankruptcy of Lithuanian companies. Relevant of research. The first serious attempts to create an effective model for the diagnosis of bankruptcy noticeable 60-following the twentieth century year. Scientists, explored the bankruptcy, the reasons which led it to: W. Beawer E. I. Altman, A. Blanc, R. Taffler and H. Tisshaw, R. Liss, Ca-Score, G. Springate, J. Fulmer and others offered to calculate the various indicators to diagnose the company to bankruptcy. The current conditions are not sufficient for the diagnosis of old models and methods, bankruptcy would require newer and more accurate models for use. Therefore, the study has the novelty of the research works of various authors mainly distributed in the classic diagnosis of bankruptcy models: W Beawer E. I. Altman, A. Blanc, R. Liss, Ca-Score, G. Springate, J. Fulmer, R. Taffler and H. Tisshaw, C.V. Zavgren D. L. Chesser, M. Zmijewski, J. Ohlson and others models. The article discussed the modern bankruptcy diagnostic models that are used in scientific work of passing or not at all used. Object of research - bankruptcy of modern diagnostic models. Aim of research - review, organize, group and classify modern bankruptcy diagnostic models and to assess their suitability for the enterprise. Tasks of research: • Provide systematic, generalized, categorized and classified in diagnostic models of modern bankruptcy; • To evaluate bankrupt diagnostic models for a particular company. It was found that the scientific literature by such recent bankruptcy of modern diagnostic models: Seifulin and Kadykov (1992), Begley, Ming, Watson (1996), Shumway (1999, 2001), the statistic of Romania (1999-2002), Grigaravičius (2003) evaluation of regression, Neumaier (2005), Boritz et al. (2007), Sandin and Porpato (2007), Stoškus, Beržinskienė, Virbickaitė (2007) and Bonity index (2009).

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