Company bankruptcy risk assessment methods: A case history

The evolution of any company occurs under risky conditions of technological changes. Bankruptcy risk has always been a major concern of management. The essential issue is usually the detection of this risk and then its minimization and control. All analytical models of bankruptcy risk have at their basis a score function which estimates a company's probability of bankruptcy, for a period immediately following the analysis. The paper discusses different bankruptcy risk assessment models with an emphasis on the case a Romanian company undergoing technological change.