ANALYSIS AND EVALUATION OF THE RISK OF INSOLVENCY AND BANCRUPTCY OF COMPANIES FROM THE FOOD INDUSTRY IN STARA ZAGORA REGION

• Main Author: O. Milev
• Format: Article
• Language: English
• Published: Trakia University 2019-10-01
• Series: Trakia Journal of Sciences
• Subjects: taffler "z-score model"; financial analysis; instability; risk of bankruptcy; food industry
• Online Access: http://tru.uni-sz.bg/tsj/Volume%2017,%202019,%20Supplement%201,%20Series%20Social%20Sciences/3/za%20pe4at/85.pdf

In the modern economy business failures are a matter of great concern to entrepreneurs. The purpose of this article is to predict the possibility of a deterioration in the financial situation and bankruptcy of companies. Bankruptcy models are a common tool for financial analysis and the ability to predict the risk of corporate insolvency and bankruptcy. The four-factor Taffler model is one of the applied risk assessment models for bankruptcy, also known as "Z-score analysis". The study presents the main points of the development of the model, examining the advantages, disadvantages and problems that arise from its implementation. The subject of the study are companies from the food industry in the Stara Zagora Region with main production and processing of meat and meat products and manufacture of vegetable and animal oils and fats for the period 2013-2017.