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Liburkina L. M.

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Analyzing the Current State of Domestic Research on Determining the Probability of Enterprise Bankruptcy
Ihnashkina T. B., Kutsenko V. O.

Ihnashkina, Tetiana B., and Kutsenko, Vladyslav O. (2025) “Analyzing the Current State of Domestic Research on Determining the Probability of Enterprise Bankruptcy.” Business Inform 11:289–298.
https://doi.org/10.32983/2222-4459-2025-11-289-298

Section: Economics of Enterprise

Article is written in Ukrainian
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UDC 658.155:330.131.7

Abstract:
The aim of the article is to systematize and analyze the current achievements of domestic economic science in addressing the problem of diagnosing the financial condition of enterprises based on existing models for predicting the probability of bankruptcy. Undertaking such work is an important preliminary step in the eventual development of an economic-mathematical model for a group of enterprises in the energy sector of the economy, which is actually the ultimate goal of the authors of this article. The study covered over 100 scientific publications devoted to examining various aspects of assessing the probability of enterprise bankruptcy over the past 10 years. This made it possible to identify the main preferences of researchers during this period: a focus primarily on well-known discriminant models by foreign (E. Altman, H. Springate, R. Taffler, H. Tishaw, R. Lees) and domestic experts (O. Tereshchenko, A. Matviichuk); Relatively shallow analysis of models, providing at best a practically standard set of their advantages and disadvantages, but, with few exceptions, not drawing conclusions regarding the necessity of developing models relevant to the current time; focus on performing calculations using various models across different enterprises; lack of new original models of different types, constructed from information on domestic business entities, considering industry and other aspects of their operations, features of financial accounting, etc. In most cases, researchers suggest using several models to obtain more reliable conclusions about the financial condition of enterprises. The next step in achieving the ultimate goal set by the authors of this article is to conduct a thorough analysis of the initial conditions (origins) of development and of the bankruptcy probability forecasting models themselves, for both foreign and domestic enterprises.

Keywords: bankruptcy probability models, contemporary domestic achievements, systematization, analysis.

Formulae: 5. Bibl.: 39.

Ihnashkina Tetiana B. – Candidate of Sciences (Economics), Associate Professor, Professor, Department of Economics and Entrepreneurship named after T. H. Benia, Ukrainian State University of Science and Technologies (2 Akademika Lazariana Str., Dnipro, 49010, Ukraine)
Email: [email protected]
Kutsenko Vladyslav O. – Postgraduate Student, Department of Economics and Entrepreneurship named after T. H. Benia, Ukrainian State University of Science and Technologies (2 Akademika Lazariana Str., Dnipro, 49010, Ukraine)
Email: [email protected]

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