PREDICTING CORPORATE BANKRUPTCIES IN POLAND AND LITHUANIA – COMPARATIVE ANALYSIS

The research on predicting bankruptcies of enterprises constitutes one of the most important areas of financial management. In developed countries, the first publications on the subject appeared in the early 20th century. The situationis different in the countries of Eastern Europe, which introduced the market system already at the beginning of the 1990s, which resulted in first corporate bankruptcies. The article compares experiences in the field of forecasting corporate bankruptcies in two countries of Eastern Europe, i.e. Poland and Lithuania, comparing them with the results of research conducted in developed countries. In conclusion, the similarities and differences between the two countries are identified and the future directions of research on this issue are proposed.