Title Bankroto prognozavimo modelių pritaikomumas skirtingo mokumo ir pelningumo įmonėms /
Translation of Title Applicability of bancruptcy prediction models for companies of different solvency and profitability.
Authors Budrikienė, Rasa ; Paliulytė, Irena
Full Text Download
Is Part of Ekonomika ir vadyba: aktualijos ir perspektyvos.. Šiauliai : VšĮ Šiaulių universiteto leidykla. 2012, Nr. 2(26), p. 90-103.. ISSN 1648-9098
Keywords [eng] bankruptcy ; bankruptcy prediction ; bankruptcy prediction models ; probability of bankruptcy ; solvency and profitability ratios
Abstract [eng] In order to ensure further operation of the company under contemporary conditions, executives must constantly investigate activities of the companies, analyse their financial indicators helping the avoid the bankruptcy threat or at least taking all necessary actions on time for reducing negative consequences of bankruptcy. It is possible to avoid bankruptcy by properly estimating its probability and establishing initial symptoms of financial difficulties of the company on time, and selecting correct measures for solution of problems, the essential of which is early prediction of bankruptcy. Bankruptcy prediction models is one of the simplest methods for bankruptcy prediction but it is important to select an appropriate and precise bankruptcy prediction model of the company. Today scientific literature contains a lot of bankruptcy prediction models for establishment of probability of bankruptcy. However, which bankruptcy prediction models are the most appropriate to companies of different solvency and profitability? Which solvency and profitability ratios for evaluation of probability of bankruptcy to select? The search for a complex ratios describing probability of bankruptcy of a company or their system abroad was started in the 1920s and continues till now. Altman (1968), Lis (1973), Chesser (1974), Taffler & Tisshaw (1977), Springate (1978), Zavgren (1985) made a significant contribution to research of bankruptcy prediction. The article starts with a review of the essence, evidence reasons and consequences of bankruptcy, classical bankruptcy prediction models, solvency and profitability ratios and their relation to bankruptcy prediction models. 14 operating Lithuanian companies of different solvency and profitability have been selected for research of bankruptcy prediction models. [...].
Published Šiauliai : VšĮ Šiaulių universiteto leidykla
Type Journal article
Language Lithuanian
Publication date 2012