The study examines main determinants of financial distress of companies in Poland during the recent transformation period. The data compose a sample of 1995-97 annual financial statements of 200 unlisted companies in Poland. The sample was collected by the Institute of Economics of the Polish...

New logit models for predicting bankruptcy of Polish companies are presented. Major features of these approaches are: (1) selection of appropriate companies to the sample as the key step of the research, (2) well defined samples, (3) the reasoning based on the unified financial state-ments and...