Język Polski
English
Published
:
2014-08-30
Cash Flow Analysis vs. Credit Risk Estimation
Artur Stefański
Abstract
This paper describes the findings of a study aimed at comparing a company's financial position diagnosed through cash flow sign analysis, with its credit risk assessment reflected in the classification of its debt. The study was conducted with financial data from 2009 and 2010 for 546 companies, and on the credit risk classification of these companies performed by banks on June 30, 2011. Yule and Bykowski correlation coefficients were used to verify the strength and direction of the correlation between the variables. The study revealed a strong positive correlation between the assessment of a company's financial condition as poor based on the cash flow sign analysis (cases 7 and 8) and the credit risk classification of the company's debt as bad.(original abstract)Keywords:
Cash flows, Credit risk, Financial performanceMost read articles by the same author(s)
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Stefański, A. (2014). Cash Flow Analysis vs. Credit Risk Estimation. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 55(4). Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/1111