2018
DOI: 10.1080/1331677x.2017.1421990
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Insolvency prediction model of the company: the case of the Republic of Serbia

Abstract: In this article, the authors analyse the existing foreign insolvency prediction models of the company and on the basis of the sample of solvent and insolvent companies they aim to develop a new model to predict insolvency of a company by binomial logistic regression (LR), which will be suitable for the business environment in the Republic of Serbia. The research seeks to determine statistically most important financial ratios in predicting insolvency of Serbian companies. As a result of research, a model for t… Show more

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Cited by 22 publications
(29 citation statements)
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References 18 publications
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“…Corporate insolvency risk is the company's probability of becoming insolvent in the next 12 months (Baxter et al, 2007). Insolvency risk is a characteristic for all companies with no financial means to settle obligations to suppliers, shareholders, employees, creditors, government, and other entities (Obradović et al, 2018).…”
Section: Introductionmentioning
confidence: 99%
See 2 more Smart Citations
“…Corporate insolvency risk is the company's probability of becoming insolvent in the next 12 months (Baxter et al, 2007). Insolvency risk is a characteristic for all companies with no financial means to settle obligations to suppliers, shareholders, employees, creditors, government, and other entities (Obradović et al, 2018).…”
Section: Introductionmentioning
confidence: 99%
“…They provide a certain score as guidance whether the company is experiencing financial distress or not. Meanwhile, an insolvency prediction model that provides a certain number as guidance has not been found, e.g., the prediction made by Chung et al (2008) and Obradović et al (2018).…”
Section: Introductionmentioning
confidence: 99%
See 1 more Smart Citation
“…The second trend is to compare the estimation accuracy of individual prediction models [13,14]. Bankruptcy prediction models are used to detect early signals of significant bankruptcy risks and to identify companies facing potential bankruptcy [15]. The purpose of these models is to help businesses find out whether they are in danger of bankruptcy in the near future.…”
Section: Introductionmentioning
confidence: 99%
“…Of course, even authors in the western part of the Balkan region are concerned with the issue of bankruptcy prediction models. For example, Jovanovic, Todorovic, Grbic (2017) and Simic, Kovacevic, Simic (2012), but also Obradovic et al (2018) have created prediction models for Serbian companies. The topic of identifying financial problems is also discussed for Croatian companies (Kundid, Ercegovac;Sarlija, Jeger, 2011;Pervan, Pavic, Pervan, 2014;Zikovic, 2018).…”
Section: Introductionmentioning
confidence: 99%