Archive of Journal - Financing

Financing – scientific journal for economy

ISSUE 2017, No. , Article 7, Year of publication: 8, December, 2017
Potentiality for the application of the Fulmer’s model for the estimation of financial troubles of small and medium-sized enterprises in Bosnia and Herzegovina


Selma Vidimlić*

*Tržnica doo, Zenica



There are more models in the world to predict the financial stability of the enterprise. One of the models that proved successful in fore-casting baknrots is a Fulmer’s model, developed in used in developed countries of the West. Given the diversity of legal systems, the degree of development of the countries where this model was used has proved to be less or more successful. In this survey, a sample of 398 small and medium-sized enterprises in the Central Bosnia region tested the Fulmer’s Model for Financial Stability Assessment in order to determine the eligibility of the Fulmer’s model in Bosnia and Herzegovina. Data from the financial statements of the managed companies 2014.Model showed as successful as they were successful and some other models tested by other authors in this area, which proved to be partially usable.

Keywords: Fulmer’s model, financial failure prediction, financial statements, financial indicators, small and medium enterprises.

DOI: 10.7251/FIN1704053V

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