Title: Forecasting bankruptcy risk of international commercial road transport companies
Authors: Rafał Balina; Sławomir Juszczyk
Addresses: Faculty of Economic Sciences, Warsaw University of Life Sciences – SGGW, 166 Nowoursynowska Str., 02-787 Warsaw, Poland ' Faculty of Economic Sciences, Warsaw University of Life Sciences – SGGW, 166 Nowoursynowska Str., 02-787 Warsaw, Poland
Abstract: This article focuses on a study whose thesis was to ascertain whether current bankruptcy forecasting models are effective in relation to companies involved in international commercial road transport. A second issue was addressed - whether a forecasting model designed by the authors, including industry variables, is more effective than the current general models. The relevancy study of current general bankruptcy forecasting methods, as they relate to this specific industry, has shown an inadequate level of performance resulting in the development of an industry specific bankruptcy forecasting model which indicates greater accuracy.
Keywords: bankruptcy forecasting; forecasting models; discriminant analysis; bankruptcy risk; international road transport firms; commercial road transport firms.
International Journal of Management and Enterprise Development, 2014 Vol.13 No.1, pp.1 - 20
Received: 26 Jan 2013
Accepted: 16 Aug 2013
Published online: 17 Jun 2014 *