TO ASSESS THE RELIABILITY OF MODELS TO PREDICT THE INSOLVENCY (BANKRUPTCY)

The establishment of an accurate assessment of the financial stability of the organization is particularly relevant in a period of unstable economic situation. The reliability of the models and methods used in assessing the likelihood of insolvency (bankruptcy) is a key factor in the effectiveness o...

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Bibliographic Details
Main Authors: S. V. Shpak, O. V. Borisova
Format: Article
Language:Russian
Published: Real Economy Publishing House 2019-05-01
Series:Стратегии бизнеса
Subjects:
Online Access:https://www.strategybusiness.ru/jour/article/view/536
Description
Summary:The establishment of an accurate assessment of the financial stability of the organization is particularly relevant in a period of unstable economic situation. The reliability of the models and methods used in assessing the likelihood of insolvency (bankruptcy) is a key factor in the effectiveness of monitoring the financial stability of an organization. A comparative evaluation of the accuracy of domestic models was carried out based on a study of 709 operating companies and 1,124 bankrupt companies. As a result, a technique was revealed that showed the most accurate results, which will allow financial services to improve the accuracy of the assessment and reduce the time for its implementation.
ISSN:2311-7184