Model SEM w analizie zagrożenia bankructwem przedsiębiorstw w świetle koniunktury gospodarczej – problemy teoretyczne i praktyczne
General SEM model in researching corporate bankruptcy and business cycles – theoretical and practical problems

Summary/Abstract: Corporate bankruptcy models assume that variables in the economic theory are directly observable. It is assumed that random deviations originate from the erroneous behavior of entities or errors in equations. The paper proposes the adoption of an alternative approach to the analyzed problem in which measurement errors are regarded to be a source of random error. The aim of the work is to propose the use of general SEM model in researching corporate bankruptcy and business cycles.

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