Application of Bankruptcy Models as a Tool for Business Leadership and Strategic Crisis Management in Agricultural Enterprises
In the current unstable environment, Ukraine’s agro-industrial complex faces significant financial pressure, which increases the risk of bankruptcy among enterprises in the sector. This situation generates a growing demand for effective crisis management, which should be an integral component of bus...
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| Format: | Article |
| Language: | English |
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Academic Research and Publishing UG (AR&P)
2025-07-01
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| Series: | Business Ethics and Leadership |
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| Online Access: | https://armgpublishing.com/wp-content/uploads/2025/07/BEL_2_2025_12.pdf
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| author | Dmytro Kozlovskyy Olga Garafonova |
| author_facet | Dmytro Kozlovskyy Olga Garafonova |
| author_sort | Dmytro Kozlovskyy |
| collection | DOAJ |
| description | In the current unstable environment, Ukraine’s agro-industrial complex faces significant financial pressure, which increases the risk of bankruptcy among enterprises in the sector. This situation generates a growing demand for effective crisis management, which should be an integral component of business leadership systems at the level of agricultural enterprises. This study aims to develop an integrated system for assessing the probability of bankruptcy of farming enterprises based on the combination of three models: Altman’s Z-score, Springate’s S-score, and the Ukrainian UDM model by Tereshchenko. The methodological toolkit includes principal component analysis (PCA), k-means clustering, and logistic regression. The main result is constructing an integrated financial stability index, which allows for highly accurate (up to 95%) identification of enterprises with an elevated risk of bankruptcy. The findings have practical implications for strategic management, financial planning, and the development of responsible business leadership in the agricultural sector. |
| format | Article |
| id | doaj-art-9d149b13d2674f5aaf9f6d3df44386de |
| institution | Kabale University |
| issn | 2520-6761 2520-6311 |
| language | English |
| publishDate | 2025-07-01 |
| publisher | Academic Research and Publishing UG (AR&P) |
| record_format | Article |
| series | Business Ethics and Leadership |
| spelling | doaj-art-9d149b13d2674f5aaf9f6d3df44386de2025-08-20T03:27:48ZengAcademic Research and Publishing UG (AR&P)Business Ethics and Leadership2520-67612520-63112025-07-019216017310.61093/bel.9(2).160-173.2025Application of Bankruptcy Models as a Tool for Business Leadership and Strategic Crisis Management in Agricultural EnterprisesDmytro Kozlovskyy0https://orcid.org/0000-0003-2522-7917Olga Garafonova1https://orcid.org/0000-0002-4740-7057Ph.D. student, Department of management, Kyiv National Economics University named after Vadym Hetman, UkraineDoctor of Economics, Professor, Kyiv National Economics University named after Vadym Hetman, UkraineIn the current unstable environment, Ukraine’s agro-industrial complex faces significant financial pressure, which increases the risk of bankruptcy among enterprises in the sector. This situation generates a growing demand for effective crisis management, which should be an integral component of business leadership systems at the level of agricultural enterprises. This study aims to develop an integrated system for assessing the probability of bankruptcy of farming enterprises based on the combination of three models: Altman’s Z-score, Springate’s S-score, and the Ukrainian UDM model by Tereshchenko. The methodological toolkit includes principal component analysis (PCA), k-means clustering, and logistic regression. The main result is constructing an integrated financial stability index, which allows for highly accurate (up to 95%) identification of enterprises with an elevated risk of bankruptcy. The findings have practical implications for strategic management, financial planning, and the development of responsible business leadership in the agricultural sector.https://armgpublishing.com/wp-content/uploads/2025/07/BEL_2_2025_12.pdf agribusinessbankruptcybusiness leadershipclusteringcrisis managementfinancial stabilityintegrated indexlogistic regressionprincipal component analysis (pca)risk |
| spellingShingle | Dmytro Kozlovskyy Olga Garafonova Application of Bankruptcy Models as a Tool for Business Leadership and Strategic Crisis Management in Agricultural Enterprises Business Ethics and Leadership agribusiness bankruptcy business leadership clustering crisis management financial stability integrated index logistic regression principal component analysis (pca) risk |
| title | Application of Bankruptcy Models as a Tool for Business Leadership and Strategic Crisis Management in Agricultural Enterprises |
| title_full | Application of Bankruptcy Models as a Tool for Business Leadership and Strategic Crisis Management in Agricultural Enterprises |
| title_fullStr | Application of Bankruptcy Models as a Tool for Business Leadership and Strategic Crisis Management in Agricultural Enterprises |
| title_full_unstemmed | Application of Bankruptcy Models as a Tool for Business Leadership and Strategic Crisis Management in Agricultural Enterprises |
| title_short | Application of Bankruptcy Models as a Tool for Business Leadership and Strategic Crisis Management in Agricultural Enterprises |
| title_sort | application of bankruptcy models as a tool for business leadership and strategic crisis management in agricultural enterprises |
| topic | agribusiness bankruptcy business leadership clustering crisis management financial stability integrated index logistic regression principal component analysis (pca) risk |
| url | https://armgpublishing.com/wp-content/uploads/2025/07/BEL_2_2025_12.pdf
|
| work_keys_str_mv | AT dmytrokozlovskyy applicationofbankruptcymodelsasatoolforbusinessleadershipandstrategiccrisismanagementinagriculturalenterprises AT olgagarafonova applicationofbankruptcymodelsasatoolforbusinessleadershipandstrategiccrisismanagementinagriculturalenterprises |