THE ROLE OF CASH FLOW STATEMENT IN THE ANTICIPATION OF BANKRUPTCY: THE CASE OF BANCO PRIVADO PORTUGUÊS
Autor(a) principal: | |
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Data de Publicação: | 2015 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Revista Universo Contábil |
Texto Completo: | https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/4860 |
Resumo: | The Cash flow has been acknowledged both in the literature and in the accounting standards as one of the fundamental pieces so that financial information may achieve its utmost goal of being useful for those who use it. According to IAS 7 Cash flow Statement (1994) from IASB, this financial statement may be an instrument able to allow the assessment of the time and in which measure the entity is able to generate monetary resources and also to understand with reasonable certainty the possibility of such generation. Like Le Maux and Morin (2011) in the study of the case of Lehman Brothers, the purpose of this study is to try to verify if BPP bankruptcy could have been predicted, mainly by means of the cash flow statements. The following research methods were used: quantitative, qualitative, descriptive, explanatory, bibliographical, documentary and, also, of case study. We have used primary and secondary data. In the case of BPP the cash flow statements, in the period from 2005 to 2007, according to Le Maux e Morin (2011), were strong predictors of the 2008th bankruptcy, as they had emitted clear signs of eminent financial distress from 2006 on. Thus, they have demonstrated a great informative potential and value for investors and analysts. Also, a set of predictive models were applied whose results pointed to a clear situation of bankruptcy in the future. |
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THE ROLE OF CASH FLOW STATEMENT IN THE ANTICIPATION OF BANKRUPTCY: THE CASE OF BANCO PRIVADO PORTUGUÊSEL PAPEL DEL ESTADO DE FLUJOS DE EFECTIVO EN ANTICIPACIÓN DE LA BANCARROTA: EL CASO DEL BANCO PRIVADO PORTUGUÊSO PAPEL DA DEMONSTRAÇÃO DOS FLUXOS DE CAIXA NA PREVISÃO DA FALÊNCIA: O CASO DO BANCO PRIVADO PORTUGUÊSCash flow StatementBankruptcyAltman’s ModelsEstado de flujos de efectivoBancarrotaModelos de Altman.Demonstração dos fluxos de caixaFalênciaModelos de Altman.The Cash flow has been acknowledged both in the literature and in the accounting standards as one of the fundamental pieces so that financial information may achieve its utmost goal of being useful for those who use it. According to IAS 7 Cash flow Statement (1994) from IASB, this financial statement may be an instrument able to allow the assessment of the time and in which measure the entity is able to generate monetary resources and also to understand with reasonable certainty the possibility of such generation. Like Le Maux and Morin (2011) in the study of the case of Lehman Brothers, the purpose of this study is to try to verify if BPP bankruptcy could have been predicted, mainly by means of the cash flow statements. The following research methods were used: quantitative, qualitative, descriptive, explanatory, bibliographical, documentary and, also, of case study. We have used primary and secondary data. In the case of BPP the cash flow statements, in the period from 2005 to 2007, according to Le Maux e Morin (2011), were strong predictors of the 2008th bankruptcy, as they had emitted clear signs of eminent financial distress from 2006 on. Thus, they have demonstrated a great informative potential and value for investors and analysts. Also, a set of predictive models were applied whose results pointed to a clear situation of bankruptcy in the future.El Estado de Flujos de Efectivo ven siendo reconocido tanto en la literatura como en les estándar de la contabilidad como una de las claves para qué la información financiera puede llegar a su objetivo de ser útil para aquellos que la utilizan. Según la IAS 7 Estado de Flujos de Efectivo (1994), del IASB, este estado financiero puede constituir un instrumento capaz de permitir evaluar el tiempo y la medida en que una entidad determinada es capaz de generar recursos monetarios y, también, entender con certeza razonable la posibilidad de esta generación. Así como para Le Maux y Morin (2011) en el estudio del caso de Lehman Brothers, el propósito de este artículo es buscar comprobar que la bancarrota del BPP se podía haber previsto, particularmente, a través del estado de flujos de efectivo. Se utilizaron los siguientes métodos de investigación: cuantitativo, cualitativo, descriptivo, explicativo, bibliográfico, documental e del estudio de caso. Aviemos utilizado datos primarios y secundarios. En el caso del BPP los estados de flujos de efectivo, en el período 2005 a 2007, en consonancia con Le Maux y Morin (2011), fueron fuertes predictores de la bancarrota en 2008, pues enviaron claras señales del inminente desequilibrio financiero después de 2006. Así, demostraron un gran potencial informativo y de valor para los inversores y analistas. Se han aplicado un conjunto de modelos predictivos cuyos resultados señalaron una clara situación de bancarrota en el futuro.A Demonstração dos Fluxos de Caixa vem sendo reconhecida quer na literatura quer no normativo contabilístico como uma das peças fundamentais para que a informação financeira possa atingir o seu objetivo último de ser útil para quem dela faz uso. De acordo com a International Accounting Standard (IAS) 7 Demonstrações dos Fluxos de Caixa (1994), do International Accounting Standards Board (IASB), esta demonstração financeira pode constituir um instrumento capaz de permitir avaliar o momento e a medida em que uma dada entidade é capaz de gerar meios monetários e, também, compreender com segurança razoável a possibilidade dessa geração. Tal como para Le Maux e Morin (2011) no estudo do caso do Lehman Brothers, o objetivo deste estudo é procurar verificar se a falência do Banco Privado Português (BPP) poderia ter sido prevista, particularmente, através da demonstração dos fluxos de caixa. Recorreu-se aos seguintes métodos de investigação: quantitativo, qualitativo, descritivo, explicativo, bibliográfico, documental e, ainda, de estudo de caso. Usaram-se dados primários e secundários. No caso do BPP as demonstrações dos fluxos de caixa, no período 2005 a 2007, em consonância com Le Maux e Morin (2011), constituíram fortes preditores da falência ocorrida em 2008, visto que, emitiram claros sinais de desequilíbrio financeiro eminente a partir de 2006. Demonstraram, assim, um grande potencial informativo e de valor para os investidores e os analistas. Aplicou-se, também, um conjunto de modelos de previsão cujos resultados apontaram para uma evidente situação de falência no futuro.Universidade Regional de Blumenau2015-11-27info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/486010.4270/ruc.20153190-210Revista Universo Contábil; v. 11 n. 3 (2015); 190-2101809-33371809-3337reponame:Revista Universo Contábilinstname:Universidade Regional de Blumenau (FURB)instacron:FURBporhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/4860/3138Copyright (c) 2015 Revista Universo Contábilinfo:eu-repo/semantics/openAccessAlves, Maria Teresa Venâncio DoresMata, Carlos Manuel Severino daNunes, Sandra Cristina Dias2022-07-21T03:24:11Zoai:ojs.bu.furb.br:article/4860Revistahttps://proxy.furb.br/ojs/index.php/universocontabil/PUBhttps://proxy.furb.br/ojs/index.php/universocontabil/oai||universocontabil@furb.br1809-33371809-3337opendoar:2022-07-21T03:24:11Revista Universo Contábil - Universidade Regional de Blumenau (FURB)false |
dc.title.none.fl_str_mv |
THE ROLE OF CASH FLOW STATEMENT IN THE ANTICIPATION OF BANKRUPTCY: THE CASE OF BANCO PRIVADO PORTUGUÊS EL PAPEL DEL ESTADO DE FLUJOS DE EFECTIVO EN ANTICIPACIÓN DE LA BANCARROTA: EL CASO DEL BANCO PRIVADO PORTUGUÊS O PAPEL DA DEMONSTRAÇÃO DOS FLUXOS DE CAIXA NA PREVISÃO DA FALÊNCIA: O CASO DO BANCO PRIVADO PORTUGUÊS |
title |
THE ROLE OF CASH FLOW STATEMENT IN THE ANTICIPATION OF BANKRUPTCY: THE CASE OF BANCO PRIVADO PORTUGUÊS |
spellingShingle |
THE ROLE OF CASH FLOW STATEMENT IN THE ANTICIPATION OF BANKRUPTCY: THE CASE OF BANCO PRIVADO PORTUGUÊS Alves, Maria Teresa Venâncio Dores Cash flow Statement Bankruptcy Altman’s Models Estado de flujos de efectivo Bancarrota Modelos de Altman. Demonstração dos fluxos de caixa Falência Modelos de Altman. |
title_short |
THE ROLE OF CASH FLOW STATEMENT IN THE ANTICIPATION OF BANKRUPTCY: THE CASE OF BANCO PRIVADO PORTUGUÊS |
title_full |
THE ROLE OF CASH FLOW STATEMENT IN THE ANTICIPATION OF BANKRUPTCY: THE CASE OF BANCO PRIVADO PORTUGUÊS |
title_fullStr |
THE ROLE OF CASH FLOW STATEMENT IN THE ANTICIPATION OF BANKRUPTCY: THE CASE OF BANCO PRIVADO PORTUGUÊS |
title_full_unstemmed |
THE ROLE OF CASH FLOW STATEMENT IN THE ANTICIPATION OF BANKRUPTCY: THE CASE OF BANCO PRIVADO PORTUGUÊS |
title_sort |
THE ROLE OF CASH FLOW STATEMENT IN THE ANTICIPATION OF BANKRUPTCY: THE CASE OF BANCO PRIVADO PORTUGUÊS |
author |
Alves, Maria Teresa Venâncio Dores |
author_facet |
Alves, Maria Teresa Venâncio Dores Mata, Carlos Manuel Severino da Nunes, Sandra Cristina Dias |
author_role |
author |
author2 |
Mata, Carlos Manuel Severino da Nunes, Sandra Cristina Dias |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Alves, Maria Teresa Venâncio Dores Mata, Carlos Manuel Severino da Nunes, Sandra Cristina Dias |
dc.subject.por.fl_str_mv |
Cash flow Statement Bankruptcy Altman’s Models Estado de flujos de efectivo Bancarrota Modelos de Altman. Demonstração dos fluxos de caixa Falência Modelos de Altman. |
topic |
Cash flow Statement Bankruptcy Altman’s Models Estado de flujos de efectivo Bancarrota Modelos de Altman. Demonstração dos fluxos de caixa Falência Modelos de Altman. |
description |
The Cash flow has been acknowledged both in the literature and in the accounting standards as one of the fundamental pieces so that financial information may achieve its utmost goal of being useful for those who use it. According to IAS 7 Cash flow Statement (1994) from IASB, this financial statement may be an instrument able to allow the assessment of the time and in which measure the entity is able to generate monetary resources and also to understand with reasonable certainty the possibility of such generation. Like Le Maux and Morin (2011) in the study of the case of Lehman Brothers, the purpose of this study is to try to verify if BPP bankruptcy could have been predicted, mainly by means of the cash flow statements. The following research methods were used: quantitative, qualitative, descriptive, explanatory, bibliographical, documentary and, also, of case study. We have used primary and secondary data. In the case of BPP the cash flow statements, in the period from 2005 to 2007, according to Le Maux e Morin (2011), were strong predictors of the 2008th bankruptcy, as they had emitted clear signs of eminent financial distress from 2006 on. Thus, they have demonstrated a great informative potential and value for investors and analysts. Also, a set of predictive models were applied whose results pointed to a clear situation of bankruptcy in the future. |
publishDate |
2015 |
dc.date.none.fl_str_mv |
2015-11-27 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/4860 10.4270/ruc.20153190-210 |
url |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/4860 |
identifier_str_mv |
10.4270/ruc.20153190-210 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/4860/3138 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2015 Revista Universo Contábil info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2015 Revista Universo Contábil |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
dc.source.none.fl_str_mv |
Revista Universo Contábil; v. 11 n. 3 (2015); 190-210 1809-3337 1809-3337 reponame:Revista Universo Contábil instname:Universidade Regional de Blumenau (FURB) instacron:FURB |
instname_str |
Universidade Regional de Blumenau (FURB) |
instacron_str |
FURB |
institution |
FURB |
reponame_str |
Revista Universo Contábil |
collection |
Revista Universo Contábil |
repository.name.fl_str_mv |
Revista Universo Contábil - Universidade Regional de Blumenau (FURB) |
repository.mail.fl_str_mv |
||universocontabil@furb.br |
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1798945116895838208 |