Bankruptcy models versus insolvency tests

The main objective of the thesis is to investigate whether there is a link between meeting the insolvency tests and the assessment of bankruptcy/bankruptcy models on a predetermined sample of firms in a specific industry. A secondary objective of the thesis is to determine the dependence of bankruptcy/bonit model and insolvency test performance on firm size using statistical tests. The essence of the paper is to determine whether bankruptcy/non-bankruptcy firms can be expected to be more likely to fail the insolvency test and vice versa. In order to meet the objectives of the thesis, the theoretical and methodological basis of selected bankruptcy/debit models and insolvency tests is applied. The research conducted is based on accounting data extracted from the Albertina database. Chi-square test was used to test the hypotheses. The paper concludes with a synthesis of the practical part and the results obtained are compared with each other.