A study of the correlation between macroeconomic indicators and the probability of enterprise bankruptcy in the construction industry

 
PIIS020736760002279-5-1
DOI10.31857/S020736760002279-5
Publication type Article
Status Published
Authors
 
Affiliation:
Occupation: Senior Lecturer
Affiliation: Ural Federal University named after the first President of Russia B.N. Yeltsin
Journal nameObshchestvo i ekonomika
EditionIssue 10
Pages69-78
Abstract

In the article two models of predicting bankruptcy in the construction industry are being compared: the one based on financial coefficients only, and the other comprising both macroeconomic and financial coefficients. The results obtained support the hypothesis that macroeconomic ratios included in the bankruptcy predicting model make it more accurate and increase its predictive power.

Keywordsprobability of bankruptcy, financial coefficients, macroeconomic indices, forecasting, logit-model
Received30.11.2018
Publication date11.12.2018
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