<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The present study presents, from the theoretical and pragmatic point of view, 6 of the established score models regarding the assessment of the insolvency risk, belonging to the Anglo-Saxon, Continental and Romanian schools. The research sample is made up of 26 companies belonging to the hotel industry and restaurants, listed on the Bucharest Stock Exchange. The research was carried out over a period of 11 years (2007-2017). Following the application of the score models, it was found that during the period covered by the research, a number of 14 companies had a relatively high insolvency risk and 12 of them had a relatively low insolvency risk.</p></abstract>

The present study presents, from the theoretical and pragmatic point of view, 6 of the established score models regarding the assessment of the insolvency risk, belonging to the Anglo-Saxon, Continental and Romanian schools. The research sample is made up of 26 companies belonging to the hotel industry and restaurants, listed on the Bucharest Stock Exchange. The research was carried out over a period of 11 years (2007-2017). Following the application of the score models, it was found that during the period covered by the research, a number of 14 companies had a relatively high insolvency risk and 12 of them had a relatively low insolvency risk.

Assessment of the Insolvency Risk in Companies Listed on the Bucharest Stock Exchange

Studia Universitatis „Vasile Goldis” Arad – Economics Series

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The present study presents, from the theoretical and pragmatic point of view, 6 of the established score models regarding the assessment of the insolvency...

Assessment of the Insolvency Risk in Companies Listed on the Bucharest Stock Exchange

Published Online: Nov 08, 2019

Page range: 58 - 71

Received: Jul 01, 2019

Accepted: Sep 01, 2019

DOI: https://doi.org/10.2478/sues-2019-0018

Keywords
insolvency risk, bankruptcy, financial difficulty, score models, financial performance

© 2019 Nicolae Balteș et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Assessment of the Insolvency Risk in Companies Listed on the Bucharest Stock Exchange

Published Online: Nov 08, 2019

Page range: 58 - 71

Received: Jul 01, 2019

Accepted: Sep 01, 2019

DOI: https://doi.org/10.2478/sues-2019-0018

Keywordsinsolvency risk, bankruptcy, financial difficulty, score models, financial performance

© 2019 Nicolae Balteș et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
insolvency risk, bankruptcy, financial difficulty, score models, financial performance