Open AccessIssues in Modelling the Financial Distress and Bankruptcy of Companies
Author(s) -
Marek Gruszczyński
Publication year - 2015
Publication title -
ssrn electronic journal
Language(s) - English
Resource type - Journals
ISSN - 1556-5068
DOI - 10.2139/ssrn.2880146
Subject(s) - bankruptcy , financial distress , business , accounting , finance , actuarial science , financial system
Paper presents selected issues in designing and implementing models for financial distress and/or bankruptcy of companies. Major topics include: (1) definition of financial distress, (2) approaches to specify the distress variable, (3) aims and extent of the research on distress, (4) quantitative approaches in the field, including the attempt by Campbell, Hilscher and Szilagyi (2008), (5) survey of recent papers on the topic published in Poland.
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