Multilevel Dimension Reduction for Credit Scoring Modelling and Prediction: Empirical Evidence for Greece

Giannouli, Panagiota; Karagrigoriou, Alex; Kountzakis, Christos E.; Ntotsis, Kimon

doi:10.1080/23737484.2021.1936690

Cited by 1 publication

(1 citation statement)

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“…ZETA model is effective in classifying bankrupt companies up to five years prior to failure, with higher accuracy than the traditional Z score model. Giannouli et al, (2021) found a positive relationship between profitability, asset efficiency, liquidity, and creditworthiness, with leverage having a negative relationship. Pompe and Bilderbeek (2005) assessed the predictive power of different categories of financial ratios, of bankruptcy.…”

Section: Effects Of Financial Performance Indicators In Creditmentioning

confidence: 93%

المحددات المالية للجدوى الأئتمانية للشركات: من منظور الدولة المصرية(باللغة الانجليزية)

الدمياطى,

عطالله,

مجدي

2023

مجلة الاسکندرية للبحوث المحاسبية

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Evaluating a firm's creditworthiness has become essential, mainly in recent decades. The promotion of a reliable evaluation model and dependable techniques will help lenders to take initiatives of investment & empower borrowers to access different sources of financing. The aim of this paper is to establish a reliable credit scoring model depending on a set of financial performance indicators independent variable, with consideration of industry dummies and logarithm of firm's size. The study employed a set of 50 financial indicators for the non-financial firms listed in EGX 50. Industrial financial performance measures were considered via industries financial information obtained by official publish of Egyptian Central Agency for Public Mobilization & Statistics (CAPMAS). The analysis of three models performed, the first model was the original one, which examined the significance of financial indicators standalone in relation to observed developed credit score. The second model examined the industry effect on the first model, while the third examined the size effect. A robust result of the significance of liquidity, assets efficiency & profitability categories for listed firms sample only.

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Section: Effects Of Financial Performance Indicators In Creditmentioning

confidence: 93%