Assessing Potential Financial Problems for Firms in Brazil

Altman, Edward I.; Baidya, Tara Keshar Nanda; Dias, Luis Manoel Ribeiro

doi:10.1057/palgrave.jibs.8490787

Cited by 53 publications

(31 citation statements)

References 9 publications

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“…Results of specifications including insignificant indicators are omitted for reasons of space and are available upon request. The indicators which result significant and are finally selected are those suggested by Altman (1984), Altman et al (1979), Zmijeski (1984), Shumway (2001) and Saretto (2004). 17 The correlation matrix between balance sheet and credit risk indicators is provided in Table 5.…”

Section: Logit Econometric Findings: Efficient Screening Versus Discrmentioning

confidence: 99%

“…Debt share is the share of the overall bank debt held by the main lender. Financial indicators are as defined in Table 4 Standard errors are presented in parentheses * Significant at 5% level ** Significant at 1% level LR, likelihood ratio 18 The Z-model implies that all the accounting ratios included in the function have positive coefficients and this is in fact true for the Altman (1984), Altman et al (1979), and Saretto (2004) indicators. On the contrary Altman's coefficients, as estimated by Shumway (2001), have negative signs and this explains the counterintuitive sign of the Shumway-Altman indicator in our logit estimates.…”

Section: Logit Econometric Findings: Efficient Screening Versus Discrmentioning

confidence: 99%

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Investment–cash flow sensitivities, credit rationing and financing constraints in small and medium-sized firms

2009

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Section: Logit Econometric Findings: Efficient Screening Versus Discrmentioning

confidence: 99%

Section: Logit Econometric Findings: Efficient Screening Versus Discrmentioning

confidence: 99%

Investment–cash flow sensitivities, credit rationing and financing constraints in small and medium-sized firms

2009

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“…Greece, Gloubos and Grammatikos (1998) Gross income/current liabilities; debt/assets; net working capital/assets; gross income/assets; current assets/current liabilities. Brazil, Altman et al (1979) Retained earnings/assets; EBIT/assets; sales/assets; MV equity/book value of liabilities. India, Bhatia (1988) Cash flow/debt; current ratio; profit after tax/net worth; interest/output; sales/assets; stock of finished goods/sales; working capital management ratio.…”

Section: Methodsmentioning

confidence: 99%

Logistic Predictive Model for SMEs Financing in India

Jain

Gupta

Mittal

2011

Vision

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Credit assessment risk for small and medium enterprises (SMEs) offers special challenges to practitioners, regulators and academics. The lenders' design of the package of credit to SMEs may affect the propensity to default or lead to delinquency. Considering the fundamental role being played by small-sized industries in Indian economy and emphasis on inclusive economy, we aim to develop a default prediction model, specifically for SMEs. Apart from the conventional 'ability to pay' basis of analyzing borrower-centric default risk, there may be a set of other explanatory variables that can be modelled to assess the credit default. The study here examines the behaviour of relevant measures of default risk and explores the most significant variables of the financial package to construct a model for SMEs by applying multinomial logistic regression technique. The study is based on database covering two years of the time period from 2007 to 2009 on 2,864 SMEs pertaining to an emerging cluster obtained from a prominent financial institution in Delhi.

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“…Baidya, L.M. Riberodias [10], A. I. Borodin [13] include a lot of different processes and indicators to the enterprise financial potential. There are rates of growth, total debt, equity, debt and so on.…”

Section: IIImentioning

confidence: 99%

Assessment of Financial Potential as a Determinant of Enterprise Development

et al. 2019

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Financial potential is an important part of enterprise activities. The technique of the enterprise's financial potential assessment is offered in the paper. It is presented by particular stages, where each stage is related to a certain task. The characteristics of the company's financial potential, based on the analysis of the related literature, are determined. The implementation of each task is carried out. Thus, the study proposes a mechanism for managing the financial potential of enterprises, which allows to emphasize the elements that can be useful for economic development. It is based on the general strategic principles of the enterprise management. The study results can be used to assess enterprise purposes and develop the formation goals of its financial potential. It can also help to forecast and separate main directions of accumulation, formation, and distribution of financial resources. It should be noted, that analysis and control over the financial potential formation strategy, as well as the use of analysis results for specifying the strategic directions of the enterprise development, are of high importance. Therefore, the management of the financial potential is a system of rational management of business financing, which includes the formation of financial relations, emerging as a result of finance resources flow.

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Assessing Potential Financial Problems for Firms in Brazil

Cited by 53 publications

References 9 publications

Investment–cash flow sensitivities, credit rationing and financing constraints in small and medium-sized firms

Investment–cash flow sensitivities, credit rationing and financing constraints in small and medium-sized firms

Logistic Predictive Model for SMEs Financing in India

Assessment of Financial Potential as a Determinant of Enterprise Development

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