Les symptômes de la faillite : le cas de la Belgique

Abstract

Outre l'apport académique à la recherche relative à la prévision des faillites en Belgique, les résultats de cette étude empirique peuvent être utiles au sein du monde professionnel, notamment pour les institutions financières intéressées par le risque de faillite de leurs partenaires. abstRact -Symptoms of Bankruptcy:The Case of Belgium. Like many other countries, Belgium has faced a growing number of corporate bankruptcies since the "subprime" crisis. This number increased by more than 43% between 2007 and 2012. Based on a sample of Belgian companies covering a period from 2002 to 2010, this paper aims to develop three econometric forecasting models constructed from six financial ratios, respectively one, three and five years before bankruptcy. Besides the academic contribution to the research relative to the bankruptcy prediction in Belgium, the empirical results of this study may be useful for practitioners, particularly for financial institutions interested in the bankruptcy risk of their partners.

Failure and Value Creation: A Discriminant Analysis Applied to Moroccan Industrial Companies Listed on the Casablanca Stock Exchange

“…In addition, it can be seen that size ( 21) is predominant in discriminating between companies. Our finding converges with those by Ohlson (1980) and Bredart (2014) who attest that the larger the business is, the more it can absorb the various hazards and difficulties that hinder its normal progress. Thus, hypothesis 3 is validated.…”

“…H3: "The larger the size of a company is, the less it is exposed to financial difficulties" The size of companies is a determinant of financial difficulties (Ohlson, 1980, Bredart, 2014. This fact can be explained in several ways.…”