Bankruptcy risk analysis in the wine sector at the companies from Republic of Moldova

Abstract

The bankruptcy risk is the most important risk faced by the entity. The purpose of this report is to introduce and expand the fundamental problems concerning bankruptcy risk assessment on the Moldavian entities. The last time the bankruptcy risk assessment issues in different branches of national economy, are the subject of scientists’ research, a single model for estimating the level of bankruptcy risk for the Moldavian companies has not been developed yet. Under such conditions increases significantly the need for the quantitative measurement of this phenomenon. In the present article, we intended to present the methods of determining the rating of the entities that can be used to measure the bankruptcy risk, emphasizing at the same time the limits of each of these methods. This approach has helped us to demonstrate that there is no „best practice” for evaluation of the bankruptcy risk, but rather a complementarity of these techniques.