Scientists of the Faculty of Management and Economics of the Gdańsk University of Technology (GUT) have developed new formulas to calculate the risk of corporate insolvency. Users can only enter the annual financial results of the company and the model will calculate a risk of bankruptcy for a company.
Forecasting the risk of bankruptcy of companies is one of the main challenges of modern research in economics and finance. Bankruptcy forecasting models are of great importance to economists who must continuously forecast the financial situation of companies. Such models allow to quickly and easily provide early warning signals about the potential risk of bankruptcy.
Two such models have been developed at the Gdańsk university. Model 1 of Dr Tomasz Korol, is intended for all types of enterprises except the financial sector. Model 2, prepared by Dr Błażej Prusak is used to assess the risk of insolvency of manufacturing companies.
