The Impact of Solvency to Bankruptcy Risk of Real Estate Companies Listed on the Vietnam’s Stock Market

The research results showed that (with a prediction accuracy of 91.4%) in these companies, indicators of solvency influencing bankruptcy risk include: (1) Operating cash flows to average total liabilities ratio, (2) Net working capital to total assets ratio. Based on the research results, specific recommendations and solutions were proposed to improve solvency, prevent and mitigate bankruptcy risk in the real estate companies listed on Vietnam’s stock market.