search query: @indexterm financial models / total: 494
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| Author: | Back, P. |
| Title: | Explaining financial difficulties based on previous payment behavior, management background variables and financial ratios |
| Journal: | European Accounting Review
2005 : VOL. 14:4, p. 839-868 |
| Index terms: | Business information Financial models BUSINESS RATIOS Small and medium-sized enterprises (SMEs) |
| Language: | eng |
| Abstract: | This article argues that it is possible to explain financial difficulties in small and medium sized firm based on non-financial variables. The best classification was achieved by combining financial ratios and non-financial variables. It is suggested that non-financial variables provide significant information explaining financial difficulties and this should be noticed, because payment behaviour variables (payment delays, payment disturbances) may occur more frequently than the publication of episodic financial statements. |
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