Developing a bankruptcy prediction model for Bulgarian companies Cover Image
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Разработване на модел за прогнозиране на риска от изпадане в несъстоятелност на български компании
Developing a bankruptcy prediction model for Bulgarian companies

Author(s): Ekatherina Tzvetanova
Subject(s): Economy, Business Economy / Management
Published by: Нов български университет
Keywords: Model; Risk; Insolvency; Bankruptcy; Altman’s Z-score
Summary/Abstract: Bankruptcy risk is a significant problem all over the world. Moreover, the availability of a tool that accurately predicts insolvency ensures people to make informed decisions. In this study is presented bankruptcy prediction model for Bulgarian companies. It is used a linear discriminant analysis and it is estimate the classification accuracy. In addition, it is presented the forecast ability of the model in long-term plan as well as it is drawn conclusions.