Non-financial Enterprises in Kazakhstan: Scoring Assessment and Prediction of the Insolvency Risk

56th International Riga Technical University Conference "Scientific Conference on Economics and Entrepreneurship" [CD-ROM] : SCEE '2015 : Proceedings 2015
Sabina Amangeldy, Irina Voronova

Article describes financial state of Kazakhstan non-financial enterprises and possibility for the application of foreign insolvency risk assessment techniques and methods. Furthermore, article covers scientific findings of academic researchers from different countries on the questions related to the insolvency risks and its prediction. Statistical data on liquidated and rehabilitated companies in the country is presented. Paper describes the insolvency risk forecasting accuracy on the practical application of five different bankruptcy risk assessment models on 30 Kazakhstan non-financial enterprises and covers results of this analysis.

Keywords
economic analysis, insolvency, bankruptcy, financial risk

Amangeldy, S., Voronova, I. Non-financial Enterprises in Kazakhstan: Scoring Assessment and Prediction of the Insolvency Risk. In: 56th International Riga Technical University Conference "Scientific Conference on Economics and Entrepreneurship" [CD-ROM] : SCEE '2015 : Proceedings, Latvia, Riga, 14-15 October, 2015. Riga: RTU Press, 2015, pp.14-15. ISBN 978-9934-8275-3-2. ISSN 2256-0866.

Publication language
English (en)