1. TO ASSESS THE RELIABILITY OF MODELS TO PREDICT THE INSOLVENCY (BANKRUPTCY)
- Author
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S. V. Shpak and O. V. Borisova
- Subjects
Actuarial science ,Insolvency ,HF5001-6182 ,Computer science ,insolvency ,models of bankruptcy ,030204 cardiovascular system & hematology ,03 medical and health sciences ,0302 clinical medicine ,bankruptcy ,Bankruptcy ,030211 gastroenterology & hepatology ,Business ,assessment of insolvency (bankruptcy) ,General Economics, Econometrics and Finance ,Reliability (statistics) - Abstract
The establishment of an accurate assessment of the financial stability of the organization is particularly relevant in a period of unstable economic situation. The reliability of the models and methods used in assessing the likelihood of insolvency (bankruptcy) is a key factor in the effectiveness of monitoring the financial stability of an organization. A comparative evaluation of the accuracy of domestic models was carried out based on a study of 709 operating companies and 1,124 bankrupt companies. As a result, a technique was revealed that showed the most accurate results, which will allow financial services to improve the accuracy of the assessment and reduce the time for its implementation.
- Published
- 2019