Un Modelo de Predicción de la Insolvencia Empresarial Basado en Variables Financiera. Su Aplicación al Caso Textil Catalán (1994-1997)

• Main Authors: Antonio Somoza López, Josep Vallverdú Calafell
• Format: Article
• Language: English
• Published: Universidad de Murcia 2003-06-01
• Series: Revista de Contabilidad: Spanish Accounting Review
• Subjects: insolvency; bankruptcy; ratios; financial flexibility.
• Online Access: http://www.rc-sar.es/verPdf.php?articleId=94
• ISSN: 1138-4891; 1988-4672

In this paper an insolvency prediction model is formulated through a combination of different quantitative variables extracted from the Annual Accounts of sample firms for the period 1994-1997. Adapting Donalson's model of financial flexibility, Van Frederikslust applied this to the insolvency prediction. In this paper, we apply the model to a sample of textile industry firms. Although the results were not positive, the mast important thing is to highlight in which way we attained discriminant insolvency prediction models and tested a theoretical formulation of this problem.