Options for Modelling the Financial Viability of Sofix Companies in the Post-Crisis Years

The financial crisis undoubtedly had its tremendous negative impact upon the real sector on a national and global scale, as obvious from the number of company closures, business restructuring, shrink of production, and staff redundancies. It is therefore vital to assess the financial sustainability of Bulgarian companies, the main objective of such an assessment being to identify available opportunities for adopting adequate measures so as to support companies in the process of adapting to changing market requirements.The aim of this research paper is to predict major financial difficulties by applying models for assessing bankruptcy probabilities for companies and to suggest options for overcoming these difficulties. The aim thus set is accomplished through an empirical test of existing models in terms of Bulgarian SOFIX index public companies for a period of four years, from 2011 to 2014. The results from that test are then used as a benchmark for changing the financial, accounting, production, logistic, and marketing policy of companies and a guideline for financial managers in the decision-making process