Using Financial Ratios to Identify Romanian Distressed Companies

Madalina Ecaterina Andreica, Mugurel Ionut Andreica and Marin Andreica
Authors registered in the RePEc Author Service: Madalina Ecaterina Popescu

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Abstract: In the context of the current financial crisis, when more companies are facing bankruptcy or insolvency, the paper aims to find methods to identify distressed firms by using financial ratios. The study will focus on identifying a group of Romanian listed companies, for which financial data for the year 2008 were available. For each company a set of 14 financial indicators was calculated and then used in a principal component analysis, followed by a cluster analysis, a logit model, and a CHAID classification tree.

Date: 2010-01
New Economics Papers: this item is included in nep-rmg
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Published in Economy Journal - Series Management, vol. 12, special issue no. 1, pp. 46-55, 2009

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http://arxiv.org/pdf/1001.1446 Latest version (application/pdf)

Related works:
Journal Article: Using financial ratios to identify Romanian distressed companies (2009)
Working Paper: Using Financial Ratios to Identify Romanian Distressed Companies (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1001.1446

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