The Assessment of the Insolvency Risk at the Companies From the Manufacturing Industry, Listed on the Bucharest Stock Exchange

The paper presents both theoretically and empirically the insolvency risk for 35 companies from the manufacturing industry in Romania, listed on the Bucharest Stock Exchange, at premium and standard categories, during 2007-2016, through four models: Springate, Taffler, Altman, and French Commercial Credit. The results of the research have revealed that during the period 2007- 2016, over 50% of the companies were facing a high insolvency risk, the most risky of them being Cemacon S.A. and Prefab S.A. The less risky companies during the mentioned period of time were Aerostar S.A. and Conted S.A.