Assessing bankruptcy risk for Romanian metallurgical companies
In this paper it propose to evaluate the bankruptcy risk of the companies which operate within the Romanian metallurgy industry, over the period 2001-2012, highlighting the impact of financial crisis on this sector. The bankruptcy risk assessing by Altman Model gives us a pessimistic view of the Rom...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Croatian Metallurgical Society
2014-04-01
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| Series: | Metalurgija |
| Subjects: | |
| Online Access: | http://hrcak.srce.hr/file/162555 |
| _version_ | 1819202788128718848 |
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| author | S.N. Borlea M.V. Achim |
| author_facet | S.N. Borlea M.V. Achim |
| author_sort | S.N. Borlea |
| collection | DOAJ |
| description | In this paper it propose to evaluate the bankruptcy risk of the companies which operate within the Romanian metallurgy industry, over the period 2001-2012, highlighting the impact of financial crisis on this sector. The bankruptcy risk assessing by Altman Model gives us a pessimistic view of the Romanian metallurgical industry. A little more optimistic perspective on the risk of bankruptcy in Romanian metallurgy is provided by the Conan Holder Model according to which the best two Romanian metallurgical companies traded at BSE (ALR and ART) face a low risk of bankruptcy. According to this model the financial crisis seems to have affected the first two Romanian metallurgical companies only in 2009, then in the following years the bankruptcy risk degrease, achieving satisfactory levels. |
| first_indexed | 2024-12-23T04:09:35Z |
| format | Article |
| id | doaj.art-96b2ff98292b47cfb3917f6d4104b867 |
| institution | Directory Open Access Journal |
| issn | 0543-5846 1334-2576 |
| language | English |
| last_indexed | 2024-12-23T04:09:35Z |
| publishDate | 2014-04-01 |
| publisher | Croatian Metallurgical Society |
| record_format | Article |
| series | Metalurgija |
| spelling | doaj.art-96b2ff98292b47cfb3917f6d4104b8672022-12-21T18:00:33ZengCroatian Metallurgical SocietyMetalurgija0543-58461334-25762014-04-01532279282Assessing bankruptcy risk for Romanian metallurgical companiesS.N. BorleaM.V. AchimIn this paper it propose to evaluate the bankruptcy risk of the companies which operate within the Romanian metallurgy industry, over the period 2001-2012, highlighting the impact of financial crisis on this sector. The bankruptcy risk assessing by Altman Model gives us a pessimistic view of the Romanian metallurgical industry. A little more optimistic perspective on the risk of bankruptcy in Romanian metallurgy is provided by the Conan Holder Model according to which the best two Romanian metallurgical companies traded at BSE (ALR and ART) face a low risk of bankruptcy. According to this model the financial crisis seems to have affected the first two Romanian metallurgical companies only in 2009, then in the following years the bankruptcy risk degrease, achieving satisfactory levels.http://hrcak.srce.hr/file/162555metallurgical companiesRomaniafinancial indicatorfailure risk |
| spellingShingle | S.N. Borlea M.V. Achim Assessing bankruptcy risk for Romanian metallurgical companies Metalurgija metallurgical companies Romania financial indicator failure risk |
| title | Assessing bankruptcy risk for Romanian metallurgical companies |
| title_full | Assessing bankruptcy risk for Romanian metallurgical companies |
| title_fullStr | Assessing bankruptcy risk for Romanian metallurgical companies |
| title_full_unstemmed | Assessing bankruptcy risk for Romanian metallurgical companies |
| title_short | Assessing bankruptcy risk for Romanian metallurgical companies |
| title_sort | assessing bankruptcy risk for romanian metallurgical companies |
| topic | metallurgical companies Romania financial indicator failure risk |
| url | http://hrcak.srce.hr/file/162555 |
| work_keys_str_mv | AT snborlea assessingbankruptcyriskforromanianmetallurgicalcompanies AT mvachim assessingbankruptcyriskforromanianmetallurgicalcompanies |