Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/147131
Authors: 
Dzyuma-Zaremba, Ulyana
Year of Publication: 
2015
Citation: 
[Journal:] e-Finanse: Financial Internet Quarterly [ISSN:] 1734-039X [Volume:] 11 [Year:] 2015 [Issue:] 3 [Pages:] 45-57
Abstract: 
Company bankruptcies are an inseparable element of market economy. We may observe the tendency to view bankruptcy as a problem of weak and usually small entities facing problems when trying to meet the challenge posed by strong competition. Big companies, however, also fall, and their bankruptcy cannot be predicted by even the most experienced analysts. The aim of the article is to examine the effectiveness of the bankruptcy prediction models in case of sudden bankruptcies,on the example of Gant Development S.A. The author attempts to classify the real estate developer's bankruptcy as "staged" bankruptcy by performing an analysis of company activities in the period of 2010-2013. The study was conducted using Polish models of linear discriminant analysis, widely popular in the Polish literature as well as the models which reflect the branch specificity of the examined entity.
Subjects: 
bankrupcy prediction
discriminant analysis
planned abnkrupcy
financial distress
JEL: 
G33
M21
C53
Persistent Identifier of the first edition: 
Document Type: 
Article

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