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Hacia una ordenación de las pequeñas empresas atendiendo a su posible situación de fracaso/Towards a Ranking of Smaller Companies According to Their Failure Risk

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  • VERES FERRER, ERNESTO JESÚS

    ()
    (Departamento de Economía Aplicada. Facultad de Economía. Universidad de Valencia. Telf.: 963 82 84 24-Fax: 963 82 84 15)

  • LABATUT SERER, GREGORIO

    (Departamento de Contabilidad. UNIVERSIDAD DE VALENCIA)

  • POZUELO CAMPILLO, JOSE

    (Departamento de Contabilidad. UNIVERSIDAD DE VALENCIA)

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    Abstract

    En la literatura contable son muchos los trabajos que han intentado explicar el posible fracaso empresarial a partir de la información contable y poner de manifiesto la relación entre dicha información y la situación de fracaso. Sin embargo, los resultados obtenidos hasta ahora no son definitivos, en cuanto no existe un mínimo común en todos ellos que permita modelizar el comportamiento de dicho fracaso. Este trabajo pretende constatar, mediante la definición de un indicador en el que intervengan una gran batería de ratios contables, que efectivamente la información contable ofrece pistas sobre el posible fracaso de la empresa. Al canalizar toda la información de los ratios contables a través de un indicador global y único, puede clasificarse las empresas atendiendo a sus mayores o menores probabilidades de fracaso. La constatación de la no aleatoriedad en la clasificación resultante para una muestra de empresas confirmará la existencia de esa relación buscada. In the accounting literature, many papers intended to explain business failure by using accounting information. Therefore, they tried to show the link between accounting information and business failure. Nevertheless, results obtained so far are not definite, as long as no common pattern was found to model failure behaviour. This paper is intended to propose a ratio that summarises the information contained in many different accounting ratios. The overall information provide by this ratio allows to classify companies according to their failure probability. The classification of companies is meaningful.

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    Bibliographic Info

    Article provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.

    Volume (Year): 27 (2009)
    Issue (Month): (Diciembre)
    Pages: 775 (18 págs)

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    Handle: RePEc:lrk:eeaart:27_3_10

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    Related research

    Keywords: fracaso empresarial; información contable; ratio contable; PYME ; managerial failure; accounting information; accounting ratio; small bussines.;

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    1. Ravi Kumar, P. & Ravi, V., 2007. "Bankruptcy prediction in banks and firms via statistical and intelligent techniques - A review," European Journal of Operational Research, Elsevier, vol. 180(1), pages 1-28, July.
    2. Sinkey, Joseph F, Jr, 1975. "A Multivariate Statistical Analysis of the Characteristics of Problem Banks," Journal of Finance, American Finance Association, vol. 30(1), pages 21-36, March.
    3. Edmister, Robert O., 1972. "An Empirical Test of Financial Ratio Analysis for Small Business Failure Prediction," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 7(02), pages 1477-1493, March.
    4. Martin, Daniel, 1977. "Early warning of bank failure : A logit regression approach," Journal of Banking & Finance, Elsevier, vol. 1(3), pages 249-276, November.
    5. Platt, Harlan D. & Platt, Marjorie B., 1991. "A note on the use of industry-relative ratios in bankruptcy prediction," Journal of Banking & Finance, Elsevier, vol. 15(6), pages 1183-1194, December.
    6. Zopounidis, Constantin & Doumpos, Michael, 2002. "Multicriteria classification and sorting methods: A literature review," European Journal of Operational Research, Elsevier, vol. 138(2), pages 229-246, April.
    7. Eisenbeis, Robert A, 1977. "Pitfalls in the Application of Discriminant Analysis in Business, Finance, and Economics," Journal of Finance, American Finance Association, vol. 32(3), pages 875-900, June.
    8. Keasey, K & McGuinness, P & Short, H, 1990. "Multilogit approach to predicting corporate failure--Further analysis and the issue of signal consistency," Omega, Elsevier, vol. 18(1), pages 85-94.
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