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A logistic regression approach to long-term bankruptcy prediction: The role of financial and non-financial indicators

Denis Kuster, Aleksandar Majstorovic, Veljko Dmitrovic

The main aim of the research is to examine the possibility of developing logistic regression (LR) model that could reliably predict the bankruptcy of Serbian companies three years in advance based on financial and non-financial variables. This is important both for business owners and external stakeholders. Owners can predict failure on time and define remedial measures and action plans in accordance with that. External stakeholders, on the other hand, can use these models to identify financial… more