Models for assessing the probability bankruptcy of enterprises

Abstract

The instability of a complex socio-economic system intensifies in the conditions of a market economy. Modern business is conducted in a highly competitive environment. Adequate decision-making requires a comprehensive assessment of the situation and reliable forecast of events. The main types of models for assessing the probability of bankruptcy of enterprises and the factors influencing it in the course of decision-making are considered in the study. The probability of bankruptcy of enterprises based on various models is studied. A comparative analysis of the models for assessment of the probability of bankruptcy of enterprises is conducted using six models: the Altman two-factor model, the Altman five-factor model, the Beaver model, the model of the Irkutsk State Economic Academy, the Sayfullin and Kadykov model, the Savitskaya model.