Bankruptcy Prediction in the Sector of Construction in Lithuania

AbstractThe paper presents the results of the research in the application of bankruptcy prediction models in the sector of construction in Lithuania. During the financial crisis, many companies in the construction sector went bankrupt. Therefore, the research aims to reveal if conventional bankruptcy prediction models are applicable in this sector. The present study distinguishes by its broad scope that was targeted for the first time (521 companies whose bankruptcy was initiated in 2009-2013 were examined). Moreover, empirical research provide conflicting results as well