A COMPARATIVE STUDY ON THE EFFECTIVENESS OF MULTIDIMENSIONAL ANALYSIS MODELS FOR THE FORECASTING OF FIRM BANKRUPCY (Porównanie skutecznosci modeli wielowymiarowej analizy dyskryminacyjnej sluzacych prognozowaniu upadlosci przedsiebiorstw)

• Authors: Mirowska Dorota , Lasek Miroslawa
• Languages of publication: PL

Abstracts

EN

In the article, comparative study of multidimensional discriminant analysis models elaborated for firms bankruptcy forecasting under Polish economic conditions are discussed. Bankruptcy forecasting accuracy of the models was verified utilizing financial data from financial statements drawn up for companies operating in the construction branch (construction industry) and calculated firm financial ratios. In the models evaluation, firm classification matrix and the model valuation measures (efficiency and classification errors) were applied. Findings of other studies, described in the literature, on the effectiveness of multidimensional discriminant analysis models for firm bankruptcy forecasting, that were described in the literature including the author's own findings have been discussed briefly. Directions for possible further studies that could lead to an improvement of multidimensional discriminant analysis models for firm bankruptcy forecasting have been proposed.

Keywords

EN

FIRM BANKRUPCY; FORECASTING; MULTIDIMENSIONAL DISCRIMINANT ANALYSIS

Discipline

• ECONOMICS: ECONOMICS

• Journal: Optimum. Studia Ekonomiczne
• Year: 2010
• Issue: 1(45)
• Pages: 73-90
• Document type: ARTICLE

Contributors

author

Mirowska Dorota

author

Lasek Miroslawa

• Dorota Mirowska, c/o Uniwersytet Warszawski, Wydzial Nauk Ekonomicznych, ul. Dluga 44/50, 00-241 Warszawa, Poland

Identifiers

CEJSH db identifier

10PLAAAA08605