Application of Financial Analysis in the Analysis of Insolvency Risk Cover Image

Приложение на финансовия анализ при анализ на риска от несъстоятелност
Application of Financial Analysis in the Analysis of Insolvency Risk

Author(s): Tsvetomir Manolov
Subject(s): Economy, Business Economy / Management, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: analysis; risk; insolvency; models; financial ratios
Summary/Abstract: Insolvency risk analysis has important implications for a company's counterparties. However, there is a lack of consensus in both the global and Bulgarian literature regarding how it should be conducted. The vast majority of authors tend to develop risk analysis models that often do not take into account the specificities of the industries and economies in which the enterprises operate. This publication attempts to present some of the existing models for insolvency risk analysis, focusing on the key indicators that should be used in this analysis.

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