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In the conditions of a market economy, participants in it are a large number of economic entities that aim at profitability. But not all of them achieve this success, some of them for various reasons are destined to fail, so they are solved in accordance with the applicable legislation and the rules set for this purpose. The challenges the market exposes the entities to a higher risk of bankruptcy. The forecast of the bankruptcy phenomenon is related to the problem of classification between bankrupt and non-bankrupt units based on the data of financial indicators of previous periods. The…mehr

Produktbeschreibung
In the conditions of a market economy, participants in it are a large number of economic entities that aim at profitability. But not all of them achieve this success, some of them for various reasons are destined to fail, so they are solved in accordance with the applicable legislation and the rules set for this purpose. The challenges the market exposes the entities to a higher risk of bankruptcy. The forecast of the bankruptcy phenomenon is related to the problem of classification between bankrupt and non-bankrupt units based on the data of financial indicators of previous periods. The ability to predict the ability of the entities to bankrupt and give warning signals to the deterioration of the financial situation of the entities is of interest not only to the managers but also to their external stakeholders. In the literature there are different models for forecasting the bankruptcy phenomenon. Bankruptcy brings many negative consequences for entities, so it is necessary to carry out analyzes and identify symptoms in the first steps to reduce the percentage of those who go bankrupt.
Autorenporträt
Valbona Ballkoçi is a lecturer of Finance and Accounting Department, at the University of Elbasan, Albania. She has earned the PhD degree in Bank-Finance, at University "Aleksander Moisiu", on July 2016. She is a contributor to many international journals with financial analyses and researches. She holds the title Certified Public Accountant.