Review article
THE SURVEY OF CERTAIN METHODS AND BUSINESS DIFFICULTIES OR BANKRUPTCY PREDICTION RESEARCHES
Domagoj Sajter
orcid.org/0000-0001-5492-3570
; Faculty of Economics, Osijek, Croatia
Abstract
Predicting business difficulties and bankruptcy as a case of extreme business difficulty, is expanding significantly and has already become very popular. The most up-to-date methods and models from different scientific areas are being applied in order to properly inform stakeholders about upcoming events in the companies.
This article presents certain key points in the development of this area of economy, accentuating several relevant authors and their research, with specific emphasis on the Republic of Croatia and Croatian papers. Mixed logit model and Neural networks are stressed out as tools of bankruptcy prediction whose wider application in Croatia is still expected.
Keywords
bankruptcy; business difficulties; neural networks; mixed logit model
Hrčak ID:
48567
URI
Publication date:
24.2.2010.
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