Environmental analysis in bankruptcy diagnosing (the case of construction companies)
The instability of the economic situation, combined with the systematically important nature of the construction industry, attracts attention to the financial viability of construction companies constituting the basis for the successful implementation of their activities in market conditions. The ar...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2023-01-01
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| Series: | E3S Web of Conferences |
| Online Access: | https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/08/e3sconf_afe2023_02059.pdf |
| _version_ | 1811157597830512640 |
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| author | Guzikova Liudmila Neelova Natalia Ushakov Denis |
| author_facet | Guzikova Liudmila Neelova Natalia Ushakov Denis |
| author_sort | Guzikova Liudmila |
| collection | DOAJ |
| description | The instability of the economic situation, combined with the systematically important nature of the construction industry, attracts attention to the financial viability of construction companies constituting the basis for the successful implementation of their activities in market conditions. The article examines the bankruptcy statistics of Russian construction companies, analyzes the issues of assessing and predicting insolvency and discusses the utility of applying well-known models, in particular, the Altman’s modified five-factor model, in Russian situation. The dynamics of the financial indicators used in the model and Altman's Z-score for construction companies belonging to the “construction of buildings” sector and different in scale of activity are analyzed. The groups of companies are represented by the conditional companies having the median value of all indicators, Conclusions are drawn regarding the probability of bankruptcy for companies belonging to different groups, and regarding the directions for improving the methods for diagnosing the bankruptcy of construction companies. |
| first_indexed | 2024-04-10T05:09:58Z |
| format | Article |
| id | doaj.art-e949e61b13194f3ca7db35e6c18682c6 |
| institution | Directory Open Access Journal |
| issn | 2267-1242 |
| language | English |
| last_indexed | 2024-04-10T05:09:58Z |
| publishDate | 2023-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | E3S Web of Conferences |
| spelling | doaj.art-e949e61b13194f3ca7db35e6c18682c62023-03-09T11:17:21ZengEDP SciencesE3S Web of Conferences2267-12422023-01-013710205910.1051/e3sconf/202337102059e3sconf_afe2023_02059Environmental analysis in bankruptcy diagnosing (the case of construction companies)Guzikova Liudmila0Neelova Natalia1Ushakov Denis2Peter the Great Saint-Petersburg Polytechnic UniversityPeter the Great Saint-Petersburg Polytechnic UniversityCollege of Hospitality Industry Management, Suan Sunandha Rajabhat UniversityThe instability of the economic situation, combined with the systematically important nature of the construction industry, attracts attention to the financial viability of construction companies constituting the basis for the successful implementation of their activities in market conditions. The article examines the bankruptcy statistics of Russian construction companies, analyzes the issues of assessing and predicting insolvency and discusses the utility of applying well-known models, in particular, the Altman’s modified five-factor model, in Russian situation. The dynamics of the financial indicators used in the model and Altman's Z-score for construction companies belonging to the “construction of buildings” sector and different in scale of activity are analyzed. The groups of companies are represented by the conditional companies having the median value of all indicators, Conclusions are drawn regarding the probability of bankruptcy for companies belonging to different groups, and regarding the directions for improving the methods for diagnosing the bankruptcy of construction companies.https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/08/e3sconf_afe2023_02059.pdf |
| spellingShingle | Guzikova Liudmila Neelova Natalia Ushakov Denis Environmental analysis in bankruptcy diagnosing (the case of construction companies) E3S Web of Conferences |
| title | Environmental analysis in bankruptcy diagnosing (the case of construction companies) |
| title_full | Environmental analysis in bankruptcy diagnosing (the case of construction companies) |
| title_fullStr | Environmental analysis in bankruptcy diagnosing (the case of construction companies) |
| title_full_unstemmed | Environmental analysis in bankruptcy diagnosing (the case of construction companies) |
| title_short | Environmental analysis in bankruptcy diagnosing (the case of construction companies) |
| title_sort | environmental analysis in bankruptcy diagnosing the case of construction companies |
| url | https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/08/e3sconf_afe2023_02059.pdf |
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