JOINT STOCK CO. TRINYCIAI

Issue no.4 (49) /2006 Publisher: Address: Laisves av. 55 Kaunas (LT-44309), Lithuania Phone: +370-37-300597 Fax: +370-37-323683 eMail: Translated Title: Valuation of Bankruptcy Risk for Lithuanian Companies Publication: Engineering Economics (4 (49)/2006) Author Name: Language: English Subject: Economy Issue: 4 (49)/2006 Page Range: 29-36 No. of Pages: 8 File size: 392 KB Download Fee: 1.5 Euro (€) Summary: This article is about the importance of valuation of companies bankruptcy risk and its methods. Bankruptcies of enterprises are one of the most popular economic appearances that cause a lot of negative effects for companies, employees, other associate firms and institutions, also for the state and society. The perspectives and succession of companys performance is a concern not just of the company itself, but also of other associate subjects such as investors, shareholders, banks, customers, suppliers and other business partners. One of the most popular ways to measure bankruptcy risk this time is E. Altman method. But there are no researches and conclusions about the relevance of this method for Lithuanian companies. After the application of E. Altman method for 56 Lithuanian joint stock companies the result showed, that it pr...