Bankruptcy forecasting for publicly owned companies in russian legislation
The bankruptcy prediction issues for publicly owned companies in point of Russian legislation are devoted. The research is based on the approach, provided by Decree of Federal Property Management Agency № 530, dated of December, 31, 2014 [3]. Applying of CART technology, allowed to make statutory values of financial indicators [3], more specific for publicly owned companies. Empirical testing of the results on the set of 692 companies demonstrated the increase of predictive capability of financial indicators with changed statutory values. The necessity of adding financial indicators with high level of predictive capability for publicly owned companies (asset turnover, total debt to total assets, retained earnings to total assets) to the approach of deCTee № 530 was proved likewise.