Proposal for a Decision Support System to Predict Financial Distress
In the context of economic instability a decision support system that could provide early warning signals of financial distress to a company a few years before actually turning to insolvency could play an important role in the decision making processes inside a company. Thus, the aim of this paper...
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| Format: | Article |
| Language: | English |
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Editura ASE
2015-03-01
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| Series: | Revista de Management Comparat International |
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| Online Access: | https://www.rmci.ase.ro/no16vol1/09.pdf |
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| _version_ | 1846140359369818112 |
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| author | Mădălina Ecaterina POPESCU |
| author_facet | Mădălina Ecaterina POPESCU |
| author_sort | Mădălina Ecaterina POPESCU |
| collection | DOAJ |
| description | In the context of economic instability a decision support system that could provide early warning signals of financial distress to a company a few years before actually turning to insolvency could play an important role in the decision making processes inside a company. Thus, the aim of this paper consists in developing a decision support system for financial distress for the case of the Romanian companies listed on the Bucharest Stock Exchange. A practical solution for predicting financial distress with one or even two years in advance is presented and the results of the models’ prediction accuracy are encouraging us to believe that these models can actually improve the strategic management and planning departments in a company. |
| format | Article |
| id | doaj-art-908ce4c04c1142f48455596c1c6797b2 |
| institution | Kabale University |
| issn | 1582-3458 2601-0968 |
| language | English |
| publishDate | 2015-03-01 |
| publisher | Editura ASE |
| record_format | Article |
| series | Revista de Management Comparat International |
| spelling | doaj-art-908ce4c04c1142f48455596c1c6797b22024-12-05T13:23:19ZengEditura ASERevista de Management Comparat International1582-34582601-09682015-03-01161112118Proposal for a Decision Support System to Predict Financial Distress Mădălina Ecaterina POPESCU0The Bucharest University of Economic Studies, Romania; Senior Researcher at The National Scientific Research Institute for Labour and Social ProtectionIn the context of economic instability a decision support system that could provide early warning signals of financial distress to a company a few years before actually turning to insolvency could play an important role in the decision making processes inside a company. Thus, the aim of this paper consists in developing a decision support system for financial distress for the case of the Romanian companies listed on the Bucharest Stock Exchange. A practical solution for predicting financial distress with one or even two years in advance is presented and the results of the models’ prediction accuracy are encouraging us to believe that these models can actually improve the strategic management and planning departments in a company. https://www.rmci.ase.ro/no16vol1/09.pdfsmesdecision support systemfinancial distressprediction |
| spellingShingle | Mădălina Ecaterina POPESCU Proposal for a Decision Support System to Predict Financial Distress Revista de Management Comparat International smes decision support system financial distress prediction |
| title | Proposal for a Decision Support System to Predict Financial Distress |
| title_full | Proposal for a Decision Support System to Predict Financial Distress |
| title_fullStr | Proposal for a Decision Support System to Predict Financial Distress |
| title_full_unstemmed | Proposal for a Decision Support System to Predict Financial Distress |
| title_short | Proposal for a Decision Support System to Predict Financial Distress |
| title_sort | proposal for a decision support system to predict financial distress |
| topic | smes decision support system financial distress prediction |
| url | https://www.rmci.ase.ro/no16vol1/09.pdf |
| work_keys_str_mv | AT madalinaecaterinapopescu proposalforadecisionsupportsystemtopredictfinancialdistress |