INSOLVENCY RISK PREDICTION USING THE LOGIT AND LOGISTIC MODELS: SOME EVIDENCES FROM ROMANIA

被引：0

作者：

Dinca, Gheorghita ^{[1
]}

Baba, Mirela Camelia ^{[1
]}

Dinca, Marius Sorin ^{[1
]}

Dauti, Bardhyl ^{[2
]}

Deari, Fitim ^{[3
]}

机构：

[1] Transilvania Univ Brasov, Fac Econ Sci & Business Adm, Brasov, Romania

[2] Univ Tetovo, Fac Econ, Tetovo, North Macedonia

[3] South East European Univ, Fac Business & Econ, Tetovo, North Macedonia

来源：

ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH | 2017年 / 51卷 / 04期

关键词：

Romanian insolvencies; prediction model; economic and financial measures; logit and logistic models; FINANCIAL RATIOS;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The authors have studied insolvency situation from Romania in the aftermath of the 2008 financial crisis, using 5 years of financial statements data for 70 Romanian companies,from different economic sectors, which all entered insolvency in 2013. We have designed a model for predicting insolvency risk which can be used by any interested party, since the data for the model are readily available on the site of Romanian Fiscal Administration Agency. The model uses five financial ratios, whose dynamics is analyzed for at least three years. To test the model we have used a logit and logistic model, which validated the significant influence of total assets efficiency and accounts receivable conversion period upon insolvency risk. As such, managers and investors can follow especially the evolution of these two measures and make the best credit and investing decisions concerning analyzed companies.

引用

页码：139 / 157

页数：19

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