Prediction of Insolvency of Hungarian Micro Enterprises

8 Pages Posted: 20 Nov 2018

See all articles by Daniel Boda

Daniel Boda

Szent István University, Students

Martin Luptak

Bureau Van Dijk, Slovak Republic

Laszlo Pitlik

Saint Istvan University

Gabor Szucs 

Credit Reform Hungary

Istvan Takacs

Károly Róbert University College

Date Written: September 8, 2016

Abstract

The aim of the study is to establish insolvency forecast model with the usage of different statistical methods and compare their efficiency. Besides this the relation and direction between indebtedness and financial distress is also part of the examination. With different approaches we nearly reached the same efficiency, the main focus was on the independent testing sample where we did not apply any modification on the dataset supposing realistic circumstances for predicting the probability of default. The research is focusing on small companies, since their number in the economy is considered high, but for this segment such insolvency forecasts are very rare.

Keywords: bankruptcy, market, forecasting

JEL Classification: G17, G31, G33

Suggested Citation

Boda, Daniel and Luptak, Martin and Pitlik, Laszlo and Szucs , Gabor and Takacs, Istvan, Prediction of Insolvency of Hungarian Micro Enterprises (September 8, 2016). 2016 ENTRENOVA Conference Proceedings. Available at SSRN: https://ssrn.com/abstract=3282348 or http://dx.doi.org/10.2139/ssrn.3282348

Daniel Boda (Contact Author)

Szent István University, Students ( email )

Gödöllő, 2100
Hungary

Martin Luptak

Bureau Van Dijk, Slovak Republic ( email )

Slovakia

Laszlo Pitlik

Saint Istvan University

Páter Károly u. 1
Gödöllõ, 2100
Hungary

Gabor Szucs 

Credit Reform Hungary ( email )

Hungary

Istvan Takacs

Károly Róbert University College

Mátrai u. 36.
Gyöngyös, 3200
Hungary

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