Bankruptcy Prediction Model Based on Discriminant Analysis Using Bulgarian Data Set Cover Image

Прогнозиране на риска от несъстоятелност с модел, базиран на дискриминантен анализ, адаптиран за българските условия
Bankruptcy Prediction Model Based on Discriminant Analysis Using Bulgarian Data Set

Author(s): Ekatherina Tzvetanova
Subject(s): Social Sciences, Economy, Business Economy / Management, Economic development
Published by: Нов български университет
Keywords: Bulgaria; Prediction model; Risk; Insolvency; Bankruptcy, Altman’s Z-score

Summary/Abstract: There is no a bankruptcy forecasting model based on the Bulgarian data stet up to now even if there are papers in this field from a century. However, in this study is suggested a bankruptcy forecasting model based on Bulgarian dataset. It is showed the classification test based on both development and testing sample. In addition, it is presented a comparison analysis of the classification accuracy between the developed model and the Altman’s Z-score which was updated in 2000. It is made a conclusions based on the analysis.

  • Issue Year: 2/2017
  • Issue No: 1
  • Page Range: 155-163
  • Page Count: 9
  • Language: Bulgarian