Preview

Review of Business and Economics Studies

Advanced search

The Overview of the Evaluation Methods of the Company’s Creditworthiness

https://doi.org/10.26794/2308-944X-2019-7-4-34-38

Abstract

The activity of any commercial organisation is of high risk. It is often connected with the fact that companies tend to take various risks to achieve their own goals for the sake of which they operate and perform their activities. Understanding and determination of whether a company is financially stable require us to conduct the so-called creditworthiness analysis of an entity. Moreover, it is expedient for any profit-making company to analyse and perform monitoring its creditworthiness. All of this makes such a kind of an analysis pretty relevant and useful. This research may be regarded as an attempt to examine theoretical fundamentals and some existing methodologies of creditworthiness analysis.

About the Author

Yu. Tumanov
Financial University
Russian Federation

Yuriy Tumanov

Master’s Student, Faculty of International Finance Faculty

Supervisor: Yurasova I.O., Associate Professor, Department of Accounting, Analysis and Audit, Financial University



References

1. Budimir, T., Aralica, Z. (2013). Assessments of creditworthiness of crafts in Croatia. Economic Research — Ekonomska Istrazivanja, 26, 133–150.

2. Corazza, M., Funari, S., Gusso, R. (2016). Creditworthiness evaluation of Italian SMEs at the beginning of the 2007–2008 crisis: An MCDA approach. North American Journal of Economics and Finance, 38, 1–26.

3. Coser, A., Maer-Matei, M. M., Albu, C. (2019) Predictive models for loan default risk assessment. Economic Computation and Economic Cybernetics Studies and Research, 53(2), 149–165.

4. Dmytryshyn, L. (2014). A methodological approach to development and optimization a set of parameters for a company’s creditworthiness evaluating. Economic Annals — XXI, 7–8, 52–55.

5. Eskindarov, M. A., Fedotova, M. A. (2018). Corporate Finance. Moscow: KnoRus.

6. Financial analysis: financial and investment. Blog of Zhdanov Vasiliy and Zhdanov Ivan. Available at: https://finzz.ru/kreditosposobnost-predpriyatiya.html (accessed 30.05.2019).

7. Garcia, F., Gimenez, V., Guijarro, F. (2013). Credit risk management: A multicriteria approach to assess creditworthiness. Mathematical and Computer Modelling, 57(7–8), 2009–2015.

8. Ivanickova, M., Michalcova, B., Gallo, P. (2016). Assessment of companies’ financial health: Comparison of the selected prediction models. Actual problems of Economics, 180(6), 383–391.

9. Lozinskaia, A., Merikas, A., Merika, A., Penikas, H. (2017). Determinants of the probability of default: the case of the internationally listed shipping corporations. Maritime Policy and Management, 44(7), 837–858.

10. Patlasov, O. Y., Vasina, N. V. (2014). Borrower’s creditworthiness analysis and scoring modelling. Actual Problems of Economics, 160(1), 490–503.

11. Vrbka, J., Rowland, Z. (2019). Assessing the financial health of companies engaged in mining and extraction using methods of complex evaluation of enterprises. In Ashmarina, S., Vochozka, M. Sustainable Growth and Development of Economic Systems: Contradictions in the Era of Digitalization and Globalization, In Contributions to Economics. Cham, Switzerland: Springer. Pp. 321–333.


Review

For citations:


Tumanov Yu. The Overview of the Evaluation Methods of the Company’s Creditworthiness. Review of Business and Economics Studies. 2019;7(4):34-38. https://doi.org/10.26794/2308-944X-2019-7-4-34-38



ISSN 2308-944X (Print)
ISSN 2311-0279 (Online)