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Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series

Forecasting organizational crises with probability of bankruptcy

Tzveta Zafirova

Abstract

The aim of the publication is to study the two approaches (quantitative and qualitative) in the specialized literature that are used to determine the likelihood of bankruptcy of organizations in crisis. This will allow the management to make the right strategic decisions for the future development of the organization. The most well-known models of world-known scientists, as well as their modifications, applied in practice in the field.

Keywords

bankruptcy, quantitative methods, quality models

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References

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