توابع امتیاز دهی و مدل های پیش بینی ورشکستگی - مطالعه موردی شرکت های رومانیایی

The purpose of our study is to test the performance bankruptcy prediction models in the recent financial crisis context. We will refer to classic score models, like Altman or Taffler and also logistic regression methods. We apply them on a sample of SME data collected from a central-east European emerging economy, at the end of 2009. The results are in line with the literature – in a financial crisis context, the classical models have to be re-estimated and the financial ratios reconsidered.