Identifying the Symptoms of Bankruptcy Risk Based on Polish Bankruptcy Prediction Models – a Case Study of Próchnik S.A.
Identifying the Symptoms of Bankruptcy Risk Based on Polish Bankruptcy Prediction Models – a Case Study of Próchnik S.A.
Author(s): Andrzej KucińskiSubject(s): Economy, Business Economy / Management, Financial Markets
Published by: Wydawnictwo Naukowe Uniwersytetu Marii Curie-Sklodowskiej
Keywords: enterprise bankruptcy; bankruptcy prediction models; enterprise
Summary/Abstract: The article aimed to identify the main symptoms of Próchnik’s bankruptcy risk. Próchnik announced its liquidation bankruptcy in 2018. Analysis and assessment of Próchnik’s risk of insolvency was based on the Polish models of bankruptcy prediction, and the study covered the activity of the company between 2010 and 2017. The most important identifid risk factors that determined Próchnik’s insolvency were loss of profiability, problems with financial liquidity, diminishing effectiveness of the management of the company’s assets, and poor structure of capital.
Journal: Annales Universitatis Mariae Curie-Skłodowska, Sectio H Oeconomia
- Issue Year: LII/2018
- Issue No: 5
- Page Range: 27-37
- Page Count: 11
- Language: English