Development of instruments of financial diagnostics of crisis
DOI:
https://doi.org/10.21638/11701/spbu05.2017.408Abstract
Despite positive trends in key macroeconomic indicators, the Russian economy remains sensitive to external and internal risks, and real incomes continue to diminish. As a result, the commercial real estate market, weakened during the last two years, is still far from stabilizing, indicating the need to improve instruments of crisis diagnostics. The goal of this paper is to develop models of crisis diagnostics for companies renting commercial real estate. To achieve this aim, we briefly review existing instruments, problems of their application, and improvements. The paper outlines in detail the stages of developing complex crisis diagnostics models with the use of methods of statistical classification of data, and we present results of the classification of economic entities in comparison with the foreign analogues.
Keywords:
crisis diagnostics, financial insolvency, discriminant analysis, logit-regression, forecasting
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.