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    STUDIA OECONOMICA - Issue no. 2 / 2008  
         
  Article:   L’ANALYSE DU RISQUE DE FAILLITE PAR DES METHODESSTATISTIQUES - DES CONCEPTS THEORIQUES.

Authors:  MONICA ACHIM. 		 
       
         
  Abstract:  To reduce risk, uncertainty, and avoid bankruptcy one must appreciate the usefulness of financial statement analysis by using some tools and techniques to evaluate and project the future performance of the firm within a given industry. The aim of the paper is to present how multi-discriminant models (MDA) perform in practice and to measure these models’ effectiveness in bankruptcy prediction. For this purpose an ex-ante approach is adopted to emulate the way in which the models are used in practice. The paper fi lls a gap in the literature on independent testing of the developed MDA models.

JEL Classification: G33, C19

Keywords: bankruptcy risk, multi-discriminant models, financial statements
  
         
     
         
         
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