USEFULNESS AND CREDIBILITY OF SCORING METHODS IN CONSTRUCTION INDUSTRY

The methods presented in the paper clarify the route of a company towards bankruptcy. The information comes from the so called early warning systems, among which a special attention has been paid to statistical scoring methods. A review of scoring methods informing about the financial standing of a company has been made. Examples have been selected among construction companies listed on Warsaw Stock Exchange. Credibility of models and results has been highlighted. Results point at the fact that the synthetic Z-score index should be adjusted to economic conditions of a given country, or even to an industry.