Sposoby ujmowania kryterium specyfiki branżowej w metodach oceny kondycji finansowej przedsiębiorstwa

• Authors: Jerzy Kitowski

Title variants

EN

WAYS OF APPROACHING THE INDUSTRY-SPECIFIC CRITERION IN THE METHODS OF ASSESSING THE FINANCIAL STANDING OF A COMPANY

• Languages of publication: PL

Abstracts

EN

In the national reference books, we observe a unilateral increase of interest in methods of assessing the financial standing of a company, accompanied by excessive and uncritical fascination with methods formulated several dozen years before in incomparable conditions of management, as well as a negative phenomenon of applying the financial analysis methods due to their mathematical or statistical sophistication, disregarding assessment of their relevance and reliability of the obtained empirical results. The paper attempts to evaluate critically numerous cases of occurrence in the national reference books of factual errors, inconsistencies in terminology and methodological simplifications in the presentation of assumptions (and even examples of their practical application) for selected discriminant methods and evaluation of the four banking methods of evaluating the financial standing of a company, with a particular emphasis on the industry-specific criterion in reference to the examined company. As shown by the discussed considerations, the industry-specific criterion of the examined company is rarely included in the synthetic methods for assessing the financial standing of companies, both in the discriminant and logit models, as well as the scoring method of assessing banking risk and its numerous modifications. We observe a common phenomenon of "fetishizing" these methods, consisting in assigning them values of universality, often contrary to methodological intentions and warnings formulated by the authors of these methods. Also surprising is underestimation of the importance of the industry-specific criterion in most of these banking methods for assessing the financial standing of a company, or simulation that this criterion has been taken into ac-count (for example, in the method variant for housing associations).

Keywords

EN

BUSINESS FAILURE; DISCRIMINANT METHODS; COMPANY

• Publisher: Wydział Zarządzania - Uniwersytet Gdański
• Journal: Zarządzanie i Finanse
• Year: 2012
• Volume: 4
• Issue: 1
• Pages: 263-286

Contributors

author

Jerzy Kitowski

• Katedra Finansów, Wydział Ekonomii, Uniwersytet Rzeszowski, Plac Ofiar Getta 4/5, 35-002 Rzeszów