Integrating Industrial and Financial Analysis into a Rating Methodology for Corporate Risk Detection: The Case of the Vicenza Manufacturing Firms

Guido Max Mantovani (), Giancarlo Coro (), Paolo Gurisatti () and Mattia Mestroni ()
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Guido Max Mantovani: HERMES-Universities
Giancarlo Coro: Ca’ Foscari University of Venice
Paolo Gurisatti: Ca’ Foscari University of Venice
Mattia Mestroni: Ca’ Foscari University of Venice

A chapter in Mathematical and Statistical Methods for Actuarial Sciences and Finance, 2014, pp 133-136 from Springer

Abstract: Abstract Banks weakness derived from rating models that produce cyclical effects on credit availability and are not able to anticipate anti-cyclical firms’ trends. The aim of the paper is to develop a framework for an original rating methodology derived from integration of industrial and financial analysis able to identify best performers in crisis scenarios (anti-cyclically). Industrial analysis is based on firm heterogeneity approaches to measure three dimensions of analysis: innovation, internationalization and growth. Financial analysis focuses on operational return and risks measures and develops an integrated classification of firms using standardized XBRL financial data. Further integration of the two methodologies is used to create the effective set of information needed for rating system.

Keywords: Corporate risks; Rating; Firm behavior; Firm performance (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-05014-0_31

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DOI: 10.1007/978-3-319-05014-0_31

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