A credit risk analysis approach using the Fleuriet model

Detalhes bibliográficos
Autor(a) principal: Prado, José Willer do
Data de Publicação: 2018
Outros Autores: Carvalho, Francisval de Melo, Benedicto, Gideon Carvalho de, Alcântara, Valderí de Castro, Santos, Antônio Carlos dos
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional da UFLA
Texto Completo: http://repositorio.ufla.br/jspui/handle/1/33680
Resumo: Objective: To construct a model that can assess the credit risk in Brazilian publicly-traded companies, using indicators from Fleuriet’s model of financial analysis. Method: Methodologically, the research was defined as quantitative, with a descriptive design. The financial statements were collected from Economática and the website BM&FBOVESPA. The sample consisted of 121 companies, being 70 solvent and 51 insolvent, from different sectors. Results: For the financial structure, working capital and working capital requirement indicators, the companies seek to achieve a constant growth model, expanding or gaining markets, in view of the continuing need for additional working capital over time. The results found for the liquidity thermometer demonstrate the importance of the financial accounts called treasury account to calculate the company’s short-term corporate liquidity and solvency. Finally, financial indebtedness as a structural index contributed significantly to the model. Contributions: This study can contribute to the Brazilian literature by evidencing that some of the indicators in Fleuriet’s model are significant to assess the credit risk in Brazilian publicly traded companies.
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spelling A credit risk analysis approach using the Fleuriet modelDynamic modelCredit riskBankruptciesFinancial indicatorsModelo dinâmicoRisco de créditoFalênciasIndicadores financeirosObjective: To construct a model that can assess the credit risk in Brazilian publicly-traded companies, using indicators from Fleuriet’s model of financial analysis. Method: Methodologically, the research was defined as quantitative, with a descriptive design. The financial statements were collected from Economática and the website BM&FBOVESPA. The sample consisted of 121 companies, being 70 solvent and 51 insolvent, from different sectors. Results: For the financial structure, working capital and working capital requirement indicators, the companies seek to achieve a constant growth model, expanding or gaining markets, in view of the continuing need for additional working capital over time. The results found for the liquidity thermometer demonstrate the importance of the financial accounts called treasury account to calculate the company’s short-term corporate liquidity and solvency. Finally, financial indebtedness as a structural index contributed significantly to the model. Contributions: This study can contribute to the Brazilian literature by evidencing that some of the indicators in Fleuriet’s model are significant to assess the credit risk in Brazilian publicly traded companies.Academia Brasileira de Ciências Contábeis2019-04-23T12:33:52Z2019-04-23T12:33:52Z2018-07info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfPRADO, J. W. do et al. A credit risk analysis approach using the Fleuriet model. Revista de Educação e Pesquisa em Contabilidade, Brasília, v. 12, n. 3, p. 327-348, July./Sept. 2018.http://repositorio.ufla.br/jspui/handle/1/33680Revista de Educação e Pesquisa em Contabilidadereponame:Repositório Institucional da UFLAinstname:Universidade Federal de Lavras (UFLA)instacron:UFLAhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessPrado, José Willer doCarvalho, Francisval de MeloBenedicto, Gideon Carvalho deAlcântara, Valderí de CastroSantos, Antônio Carlos doseng2019-04-23T12:33:52Zoai:localhost:1/33680Repositório InstitucionalPUBhttp://repositorio.ufla.br/oai/requestnivaldo@ufla.br || repositorio.biblioteca@ufla.bropendoar:2019-04-23T12:33:52Repositório Institucional da UFLA - Universidade Federal de Lavras (UFLA)false
dc.title.none.fl_str_mv A credit risk analysis approach using the Fleuriet model
title A credit risk analysis approach using the Fleuriet model
spellingShingle A credit risk analysis approach using the Fleuriet model
Prado, José Willer do
Dynamic model
Credit risk
Bankruptcies
Financial indicators
Modelo dinâmico
Risco de crédito
Falências
Indicadores financeiros
title_short A credit risk analysis approach using the Fleuriet model
title_full A credit risk analysis approach using the Fleuriet model
title_fullStr A credit risk analysis approach using the Fleuriet model
title_full_unstemmed A credit risk analysis approach using the Fleuriet model
title_sort A credit risk analysis approach using the Fleuriet model
author Prado, José Willer do
author_facet Prado, José Willer do
Carvalho, Francisval de Melo
Benedicto, Gideon Carvalho de
Alcântara, Valderí de Castro
Santos, Antônio Carlos dos
author_role author
author2 Carvalho, Francisval de Melo
Benedicto, Gideon Carvalho de
Alcântara, Valderí de Castro
Santos, Antônio Carlos dos
author2_role author
author
author
author
dc.contributor.author.fl_str_mv Prado, José Willer do
Carvalho, Francisval de Melo
Benedicto, Gideon Carvalho de
Alcântara, Valderí de Castro
Santos, Antônio Carlos dos
dc.subject.por.fl_str_mv Dynamic model
Credit risk
Bankruptcies
Financial indicators
Modelo dinâmico
Risco de crédito
Falências
Indicadores financeiros
topic Dynamic model
Credit risk
Bankruptcies
Financial indicators
Modelo dinâmico
Risco de crédito
Falências
Indicadores financeiros
description Objective: To construct a model that can assess the credit risk in Brazilian publicly-traded companies, using indicators from Fleuriet’s model of financial analysis. Method: Methodologically, the research was defined as quantitative, with a descriptive design. The financial statements were collected from Economática and the website BM&FBOVESPA. The sample consisted of 121 companies, being 70 solvent and 51 insolvent, from different sectors. Results: For the financial structure, working capital and working capital requirement indicators, the companies seek to achieve a constant growth model, expanding or gaining markets, in view of the continuing need for additional working capital over time. The results found for the liquidity thermometer demonstrate the importance of the financial accounts called treasury account to calculate the company’s short-term corporate liquidity and solvency. Finally, financial indebtedness as a structural index contributed significantly to the model. Contributions: This study can contribute to the Brazilian literature by evidencing that some of the indicators in Fleuriet’s model are significant to assess the credit risk in Brazilian publicly traded companies.
publishDate 2018
dc.date.none.fl_str_mv 2018-07
2019-04-23T12:33:52Z
2019-04-23T12:33:52Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv PRADO, J. W. do et al. A credit risk analysis approach using the Fleuriet model. Revista de Educação e Pesquisa em Contabilidade, Brasília, v. 12, n. 3, p. 327-348, July./Sept. 2018.
http://repositorio.ufla.br/jspui/handle/1/33680
identifier_str_mv PRADO, J. W. do et al. A credit risk analysis approach using the Fleuriet model. Revista de Educação e Pesquisa em Contabilidade, Brasília, v. 12, n. 3, p. 327-348, July./Sept. 2018.
url http://repositorio.ufla.br/jspui/handle/1/33680
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv http://creativecommons.org/licenses/by/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Academia Brasileira de Ciências Contábeis
publisher.none.fl_str_mv Academia Brasileira de Ciências Contábeis
dc.source.none.fl_str_mv Revista de Educação e Pesquisa em Contabilidade
reponame:Repositório Institucional da UFLA
instname:Universidade Federal de Lavras (UFLA)
instacron:UFLA
instname_str Universidade Federal de Lavras (UFLA)
instacron_str UFLA
institution UFLA
reponame_str Repositório Institucional da UFLA
collection Repositório Institucional da UFLA
repository.name.fl_str_mv Repositório Institucional da UFLA - Universidade Federal de Lavras (UFLA)
repository.mail.fl_str_mv nivaldo@ufla.br || repositorio.biblioteca@ufla.br
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