BANKRUPTCY PREDICTION MODELS FOR LARGE AGRICULTURAL AND FOOD COMPANIES IN AP VOJVODINA

Authors

DOI:

https://doi.org/10.5937/ekoPolj2103805M

Keywords:

Altman Z-score, Kralicek DF, Kralicek Quick test, agriculture, food industry

Abstract

The aim of this paper is to present application of different methods used for predicting bankruptcy of large agricultural and food companies in AP Vojvodina, as well as to determine which model is the most suitable for analyzing the companies from the observed sectors. The following three models were applied in the paper: Altmans Z-score model, Kralicek DF indicators and Kralicek Quick test. The analysis included five companies from the agricultural sector and five companies from the food sector operating on the territory of AP Vojvodina in the period from 2015 to 2019. The results of the research based on the applied models showed that different conclusions can be made about the financial stability of the observed companies. Altmans Z-score model provided the most rigorous forecast in terms of the bankruptcy risk, while the results of Kralicek DF indicators and Quick test are relatively similar.

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References

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Published

2021-09-25

How to Cite

Milić, D., Tekić, D., Zekić, V., Novaković, T., Popov, M., & Mihajlov, Z. (2021). BANKRUPTCY PREDICTION MODELS FOR LARGE AGRICULTURAL AND FOOD COMPANIES IN AP VOJVODINA. Ekonomika Poljoprivrede, 68(3), 805–822. https://doi.org/10.5937/ekoPolj2103805M

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