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Development of a financial health indicator based on companies’ annual accounts

Author

Listed:
  • David Vivet

    (National Bank of Belgium, Microeconomic Information Department)

Abstract

This document describes the development of a financial health indicator based on companies' financial statements. This indicator is conceived as a weighted combination of variables, which is obtained through a model discriminating between failing firms and non-failing firms. The definition of failure is based on a legal criterion, namely that a company is considered to have failed if it has faced bankruptcy or judicial administration in the past. Based on the model results, companies are positioned in financial health classes, which are intended to be included in the "company files" designed by the Central Balance Sheet Office.

Suggested Citation

  • David Vivet, 2011. "Development of a financial health indicator based on companies’ annual accounts," Working Paper Document 213, National Bank of Belgium.
    • Handle: RePEc:nbb:docwpp:201104-213
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    File URL: https://www.nbb.be/doc/ts/publications/wp/wp213en.pdf
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    Citations

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    Cited by:

    1. Ch. Piette & M.-D. Zachary, 2015. "Sensitivity to the crisis of SME financing in Belgium," Economic Review, National Bank of Belgium, issue iii, pages 31-45, December.
    2. Claude Mathys, 2014. "Economic importance of the Belgian ports: Flemish maritime ports, Liège port complex and the port of Brussels – Report 2012," Working Paper Document 260, National Bank of Belgium.
    3. repec:nbb:docwpp:201207-17 is not listed on IDEAS
    4. Helga Dedoncker, 2017. "Economic importance of the logistics sector in Belgium," Working Paper Research 325, National Bank of Belgium.
    5. Claude Mathys, 2012. "Economic importance of the Belgian ports: Flemish maritime ports, Liège port complex and the port of Brussels – Report 2010," Working Paper Document 225, National Bank of Belgium.
    6. Claude Mathys, 2017. "Economic importance of the Belgian ports: Flemish maritime ports, Liège port complex and the port of Brussels - Report 2015," Working Paper Research 321, National Bank of Belgium.
    7. Frank Van Nieuwenhove, 2015. "Economic Importance Of The Belgian Ports : Flemish maritime ports, Liège port complex and the port of Brussels – Report 2013," Working Paper Research 283, National Bank of Belgium.
    8. Helga Dedoncker, 2017. "Economic importance of the logistics sector in Belgium," Working Paper Research 325, National Bank of Belgium.
    9. Claude Mathys, 2013. "Economic importance of the Belgian ports: Flemish maritime ports, Liège port complex and the port of Brussels – Report 2011," Working Paper Document 242, National Bank of Belgium.
    10. repec:nbb:docwpp:201307-12 is not listed on IDEAS
    11. Claude Mathys, 2017. "Economic importance of the Belgian ports: Flemish maritime ports, Liège port complex and the port of Brussels - Report 2015," Working Paper Research 321, National Bank of Belgium.

    More about this item

    Keywords

    Corporate failure; logistic regression; micro-data; financial statements;
    All these keywords.

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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