Abstract

The study aims to obtain a model for evaluation of financial stability and reliability of firms in Bulgaria. As initial basis is used all the available information on enterprises, adjudged bankrupt in 1999 and 2000, for each of them is included data for three years preceding the year of liquidation. Analogical data is included of the corresponding to them (on number of employees, capital and branch) running enterprises. The total number of observed units is 1600. Based on the analysis some main conclusions on the specific reasons for bankruptcy according to the ownership and organisation of business in the observed totality.