The ability of enterprises to survive in Poland Cover Image

Zdolność przetrwania przedsiębiorstw w Polsce
The ability of enterprises to survive in Poland

Author(s): Natalia Nehrebecka, Aneta Maria Dzik
Subject(s): Economy, National Economy, Business Economy / Management, Financial Markets, Socio-Economic Research
Published by: Główny Urząd Statystyczny
Keywords: enterprise bunkruptcy; enterprises bunkruptcy forecasting; assessment of the condition of an enterprise; financial condition; econometric models

Summary/Abstract: The research is based on data from the balance sheet and profit and loss account of Polish enterprises obtained from the Central Statistical Office. Factors were studied which warn against bankruptcy and it was tested how early bankruptcy symptoms appear. The aim of the analysis is the construction of an indicator which allows the company to assign the probability of bankruptcy. The analysis was performed using logistic regression for categorical variables which were transformed by WoE (weight of evidence) transformation. Scoring methods were used, allowing to build evaluation index of a company in the context of its bankruptcy. Among components, the greatest weight in the prediction annual model of bankruptcy was achieved for the indicator of financial costs, allowing to determine the company's ability to pay interest and capital installments.

  • Issue Year: 58/2013
  • Issue No: 05
  • Page Range: 51-71
  • Page Count: 21
  • Language: Polish