Financial and Economic Diagnostics of the Probability of Bankruptcy of Enterprises in Various Economic Sectors

The article proposes an approach to diagnosing the probability of corporate bankruptcy that combines financi ratio analysis, a modified discriminant assessment, and normalization by sector and enterprise size. Based on data from the Bank of Russia and Fedresurs, it shows that a decline in formal bankruptcies does not rule out deteriorating solvency and calls for consideration of sector-specific characteristics. The study identifies applications of the diagnostic results in the assessment of going concern during an audit, credit monitoring, and crisis management.

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Journal
Auditor
Published
2026-10-30
DOI
https://doi.org/10.12737/1998-0701-2026-12-10-42-50
Primary Topic
Financial Distress and Bankruptcy Prediction
Type
article
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article

Financial and Economic Diagnostics of the Probability of Bankruptcy of Enterprises in Various Economic Sectors

В.В. РЕЙМЕР, Tat'yana Petrova-Shatohina, N. Grigoryeva
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Auditor
Financial Distress and Bankruptcy Prediction
article

Financial and Economic Diagnostics of the Probability of Bankruptcy of Enterprises in Various Economic Sectors

В.В. РЕЙМЕР, Tat'yana Petrova-Shatohina, N. Grigoryeva
article en

Abstract

The article proposes an approach to diagnosing the probability of corporate bankruptcy that combines financi ratio analysis, a modified discriminant assessment, and normalization by sector and enterprise size. Based on data from the Bank of Russia and Fedresurs, it shows that a decline in formal bankruptcies does not rule out deteriorating solvency and calls for consideration of sector-specific characteristics. The study identifies applications of the diagnostic results in the assessment of going concern during an audit, credit monitoring, and crisis management.

AuditorVol. 12(10)
Moscow University of Finance and Law (RU), Blagoveschensk State Pedagogical University (RU), Siberian Federal University (RU)
Openalex Percentile: Top 4%
Financial Distress and Bankruptcy Prediction
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