Issue: 2011/Vol.21/No.1, Pages 19-31
ANALYSIS OF THE RISK OF COMPANY'S BANKRUPTCY IN POLISH FOOD AND BEVERAGE PRODUCTION SECTOR USING THE COX REGRESSION
Przemysław Dominiak
, Mariusz Mazurkiewicz
Cite as: P. Dominiak, M. Mazurkiewicz. Analysis of the risk of company's bankruptcy in Polish food and beverage production sector using the Cox regression. Operations Research and Decisions 2011: 21(1), 19-31.
Abstract
Analysis of the risk of a company’s bankruptcy in Polish food and beverages production sector (NACE, No. 15) has been carried out using econometric modelling in the form of the Cox regression. The purpose of this paper was to find factors (models) describing the risk of a company’s bankruptcy. The described approach to modelling of the risk of bankruptcy is – in the case of quantitative vari- ables – the use of “raw” positions from financial accounts.
Keywords: analysis of the risk of company’s bankruptcy, econometric modelling of company’s bankruptcy, Cox proportional-hazards regression
Received: Accepted: