Environmental analysis in bankruptcy diagnosing (the case of construction companies)

The instability of the economic situation, combined with systematically important nature construction industry, attracts attention to financial viability companies constituting basis for successful implementation their activities in market conditions. article examines bankruptcy statistics Russian companies, analyzes issues assessing and predicting insolvency discusses utility applying well-known models, particular, Altman’s modified five-factor model, situation. dynamics indicators used model Altman's Z-score belonging “construction buildings” sector different scale activity are analyzed. groups represented by conditional having median value all indicators, Conclusions drawn regarding probability groups, directions improving methods diagnosing companies.