{"id":18423,"date":"2023-06-01T09:46:53","date_gmt":"2023-06-01T06:46:53","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=18423"},"modified":"2023-06-01T09:46:53","modified_gmt":"2023-06-01T06:46:53","slug":"models-of-bankruptcy-risk-analysis","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/models-of-bankruptcy-risk-analysis\/","title":{"rendered":"Usykova O. Models of bankruptcy risk analysis"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n
JEL Classification<\/strong>: J54; L26
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V38(2023)-25<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]Usykova<\/strong> Olena, <\/strong>Doctor of Economics, Docent, Director, Educational and Scientific Institute of Business, Innovative Development and International Affairs, Mykolaiv National Agrarian University<\/p>\n

ORCID ID:<\/strong> 0000-0001-6734-5757<\/a>
\ne-mail: <\/strong>usykova@mnau.edu.ua<\/a><\/p>\n

 <\/p>\n

Models of Bankruptcy Risk Analysis<\/strong><\/h2>\n

\u00a0\u00a0<\/strong><\/p>\n

Abstract. Introduction<\/strong>. The article discloses the essence of models for analyzing the risk of bankruptcy of economic agents which serve as preventive measures of crisis management. It has been established that bankruptcy risk can be analyzed according to several aspects: static analysis of bankruptcy risk using the balance sheet; functional analysis of bankruptcy risk using the functional balance sheet; analysis of bankruptcy risk through the use of the scoring method.\u00a0 Three European models of bankruptcy risk analysis are analyzed within the framework of the paper: B\u0103rbu\u021b\u0103-Mi\u0219u & Madaleno, Lukason & Laitinen, Ni\u0163oi, Clichici & Moag\u0103r-Poladian.<\/p>\n

Purpose<\/strong>. Research of modern models of enterprise bankruptcy risk analysis.<\/p>\n

Results.<\/strong> The process of diagnosing the risk of bankruptcy consists in assessing the company’s ability to fulfill obligations taken by third parties, and therefore in assessing the company’s solvency. In recent years, due to the inherent dynamism of the economic and financial activities of companies, it has become more than necessary to obtain accurate information about the risk of bankruptcy in the future.<\/p>\n

Conclusions<\/strong>. All economic entities are exposed to the risk of bankruptcy. This risk can have negative consequences with complex consequences both for the entire activity of the entity and for other entities with which it comes into contact.<\/p>\n

Bankruptcy risk can be analyzed from different perspectives: static bankruptcy risk analysis using the financial balance sheet, bankruptcy risk analysis using the functional balance sheet, and bankruptcy risk analysis using scoring.<\/p>\n

Keywords:<\/strong> risk; bankruptcy; scoring method; solvency; sustainability.<\/p>\n

References:<\/strong><\/p>\n

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  1. Tymoshchuk, O. L., & Dorundiak, K. M. (2018). Estimating the probability of bankruptcy of enterprises using discriminant analysis and neural networks. Systemni doslidzhennya ta informatsiyni tekhnolohiyi<\/em>, 2, 22-34. DOI: https:\/\/doi.org\/10.20535\/SRIT.2308-8893.2018.2.03 [in Ukrainian].<\/li>\n
  2. Yunatsky, M. O. (2018). Use of discrimination analysis for evaluation of the company\u2019s bankruptcy liability (example of PJSC \u201cCGOK\u201d).\u00a0\u00a0Skhidna Yevropa: ekonomika, biznes ta upravlinnya<\/em>, 1(3 (14)), 249-256 [in Ukrainian].<\/li>\n
  3. Samoilenko, A., & Rystsov, I. (2018). Models for identification of stability of financial condition of the enterprise.\u00a0Ekonomichnyy visnyk Natsional\u02b9noho tekhnichnoho universytetu Ukrayiny \u00abKyyivs\u02b9kyy politekhnichnyy instytut\u00bb<\/em>, <\/em>15, \u0421. 1-15. DOI:\u00a0<\/strong>https:\/\/doi.org\/10.20535\/2307-5651.15.2018.136571 [in Ukrainian].<\/li>\n
  4. Koloshko, N., & Slobodian, N. (2019). Estimate of the probability of bankruptcy as a method for forecasting the enterprise financial condition.\u00a0Naukovyy visnyk Khersons\u02b9koho derzhavnoho universytetu. Seriya \u00abEkonomichni nauky\u00bb<\/em>, <\/em>33, 231-236. DOI:\u00a0<\/strong>https:\/\/doi.org\/10.32999\/ksu2307-8030\/2019-33-46 [in Ukrainian].<\/li>\n
  5. Domnina, I., & Silova, Ya. (2019). Analysis of models for predicting the probability of bankruptcy and their adaptation for Ukrainian enterprises.\u00a0Visnyk Natsional\u02b9noho tekhnichnoho universytetu” Kharkivs\u02b9kyy politekhnichnyy instytut”(ekonomichni nauky)<\/em>,<\/em> 4, 7-12. DOI:\u00a0<\/strong>https:\/\/doi.org\/10.20998\/2519-4461.2019.24.7 [in Ukrainian].<\/li>\n
  6. B\u0103rbu\u021b\u0103-Mi\u0219u, N., & Madaleno, M. (2020). Assessment of bankruptcy risk of large companies: European countries evolution analysis.\u00a0Journal of Risk and Financial Management<\/em>,\u00a0 13(3), 58. DOI:\u00a0<\/strong>https:\/\/doi.org\/10.3390\/jrfm13030058 [in English].<\/li>\n
  7. Korol, T. (2019). Dynamic bankruptcy prediction models for European enterprises.\u00a0Journal of Risk and Financial Management<\/em>, 12(4), 185. DOI:\u00a0<\/strong>https:\/\/doi.org\/10.3390\/jrfm12040185 [in English].<\/li>\n
  8. Lukason, O., & Laitinen, E.\u00a0K. (2019). Firm failure processes and components of failure risk: An analysis of European bankrupt firms.\u00a0Journal of Business Research<\/em>,\u00a0 98, 380-390. DOI:\u00a0<\/strong>https:\/\/doi.org\/10.1016\/j.jbusres.2018.06.025 [in English].<\/li>\n
  9. Lukason, O., & Camacho-Mi\u00f1ano, M.\u00a0D.\u00a0M. (2019). Bankruptcy risk, its financial determinants and reporting delays: Do managers have anything to hide?.\u00a0Risks<\/em>,\u00a0 7(3), 77. DOI:\u00a0<\/strong>https:\/\/doi.org\/10.3390\/risks7030077 [in English].<\/li>\n
  10. Ni\u0163oi, M., Clichici, D., & Moag\u0103r-Poladian, S. (2019). The effects of prudential policies on bank leverage and insolvency risk in Central and Eastern Europe.\u00a0Economic Modelling<\/em>, 81, 148-160. DOI:\u00a0<\/strong>https:\/\/doi.org\/10.1016\/j.econmod.2018.12.016 [in English].<\/li>\n
  11. Burkovska, A., Shebanina, O., Lunkina, T., & Burkovska, A. (2022). Socio-Psychological Determinants of Food Security in Ukraine : Causal Aspect. Economic Studies<\/em>.2022. 31(5). P 145-162 [in Ukrainian].<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received:<\/strong> 12 April 2023<\/p>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: J54; L26 DOI: https:\/\/doi.org\/10.31521\/modecon.V38(2023)-25 [\/vc_column_text][vc_column_text]Usykova Olena, Doctor of Economics, Docent, Director, Educational and Scientific Institute of Business, Innovative Development and International Affairs, Mykolaiv National Agrarian University ORCID ID: 0000-0001-6734-5757 e-mail: usykova@mnau.edu.ua   Models of Bankruptcy Risk Analysis \u00a0\u00a0 Abstract. Introduction. The article discloses the essence of models for analyzing the risk of
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