期刊名称：The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration
印刷版ISSN：2066-575X
出版年度：2009
卷号：9
期号：Special
页码：106-114
出版社："Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration
摘要：The discriminate analysis was resorted to, by means of which the financial characteristics of some companies that went bankrupt and some profitable companies. Socio-economic phenomena are influenced by numerous factors essential and accidental those are related to each other by many ties, intensities and meanings. The score function is a linear function of several variables, which are weighted by certain medium coefficients, established by the smallest squares method, based on the observations made on the companies analysed and grouped into two types. In my work, I achieved an analysis of the bankruptcy risk and I tried to adjust Altman and Conan & Holder score functions to the existing realities in Romania. Analysis of profitability of an enterprise can not only analyze the correlation with risk analysis. Risk is defined as the probability of producing an event, under pressure, from various factors, which may represent potential harm to which they expose an enterprise. Exposure to risk of loss consists of the additional expenditure that supports enterprise, which shows that the risk is linked to company profitability. Shareholders and investors assume a risk by investing in an asset only in exchange for remuneration proportionate to the risk assumed. The risk of bankruptcy involves the introduction of a function that can be estimated probability that a firm's losses and, be unable to honor its contracts with customers, pay suppliers and banks to repay loans. This risk is opposed to the likelihood of profit and growth is a matter of company profitability, in terms of risk assumed.
关键词：scoring method; risk of bankruptcy; insolvency; profitability; discriminate analysis
