Models for bankruptcy forecasting: Case study of Russian enterprises |
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Authors: | E. A. Fedorova E. V. Gilenko S. E. Dovzhenko |
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Affiliation: | 16287. Financial University under the Government of the Russian Federation, Moscow, Russia 26287. St. Petersburg State University, St. Petersburg, Russia
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Abstract: | The article examines the applicability of a number of foreign and national forecasting models of the bankruptcy probability of Russian enterprises. The presented models are developed using econometric methods on a sample of manufacturing enterprises of the Russian Federation with resulting efficiency of 84.7%. Using the methodology of binary classification trees, the boundaries of liquidity and financial stability ratios leading to bankruptcy are specified. |
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