EN
The article presents a proposal for modeling enterprise insolvency by means of survival analysis, which is used to study various occurrences that depend on the passage of time. The study used a popular model of survival analysis commonly known as the proportional hazard model, which takes into account both microeconomic conditions described by company financial indicators, and external macroeconomic factors associated with the overall economic situation. The study was conducted on the basis of companies listed on the Warsaw Stock Exchange.