Issues in Modelling the Financial Distress and Bankruptcy of Companies

Quantitative Methods in Economics, Vol. XVI, No.1, pp. 96-107, 2015

Warsaw School of Economics (SGH) Applied Econometrics Paper No. 15-01

9 Pages Posted: 7 Dec 2016

See all articles by Marek Gruszczynski

Marek Gruszczynski

SGH Warsaw School of Economics - Institute of Econometrics

Date Written: December 4, 2015

Abstract

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.

Keywords: Financial Distress, Bankruptcy, Corporate Failure, Default Risk

JEL Classification: C25, G33

Suggested Citation

Gruszczynski, Marek, Issues in Modelling the Financial Distress and Bankruptcy of Companies (December 4, 2015). Quantitative Methods in Economics, Vol. XVI, No.1, pp. 96-107, 2015, Warsaw School of Economics (SGH) Applied Econometrics Paper No. 15-01, Available at SSRN: https://ssrn.com/abstract=2880146 or http://dx.doi.org/10.2139/ssrn.2880146

Marek Gruszczynski (Contact Author)

SGH Warsaw School of Economics - Institute of Econometrics ( email )

Al. Niepodleglosci 164
Warszawa, 02-554
Poland

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