Statistical analysis and econometric modelling of the creditworthiness of non-financial companies
by Vladimir I. Malugin; Natalia V. Hryn; Aleksandr Y. Novopoltsev
International Journal of Computational Economics and Econometrics (IJCEE), Vol. 4, No. 1/2, 2014

Abstract: This paper describes the results of the application of multivariate statistical analysis and econometric modelling to assess the creditworthiness of non-financial companies on the micro and macro levels. On the basis of company's financial reports data we propose a system of credit measures called 'relative statistical credit ratings' (RSCR), which includes: company ratings (CCR), the branch of the economy ratings (BCR) and the integral indicator of creditworthiness of the national economy (ICI). The proposed methodology is applied to evaluate the creditworthiness of Belarusian companies. Using econometric modelling we examine the dependence of the credit measures BCR and ICI on the major macroeconomic factors of the Belarusian economy. We establish also the relations between the integral output indicators of the national economy and the proposed statistical creditworthiness measures. Economic analysis of the obtained statistical and econometric modelling results indicates the informativeness and the economic significance of the proposed indicators.

Online publication date: Tue, 08-Apr-2014

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Computational Economics and Econometrics (IJCEE):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com