Artikel
The applicability of the Edmister model for the assessment of credit risk in Crotian SMEs
In this paper the applicability of the Edmister model for the assessment of credit risk in small and medium sized enterprises (SMEs) was examined by testing the hypothesis that the Edmister model is applicable for predicting financial difficulties of SMEs in Croatia. Data from a data base of financial reports of SMEs in Croatia managed by FINA, as well as internal data and records of one of the major banks in Croatia were used. Data of 822 enterprises were collected and analysed. The Edmister Z-score was calculated for all 822 SMEs and finally only enterprises with the Edmister Z-score lower than 0.47 or higher than 0.53 (a total of 760 enterprises) were selected to the final research sample. A method of classification analysis and compliance measurement Cohen's Kappa were used for testing the research hypothesis. On the basis of the research results, it can be concluded that the Edmister model is not applicable for predicting financial difficulties of SMEs in Croatia.
- Language
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Englisch
- Bibliographic citation
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Journal: UTMS Journal of Economics ; ISSN: 1857-6982 ; Volume: 4 ; Year: 2013 ; Issue: 2 ; Pages: 163-174 ; Skopje: University of Tourism and Management
- Classification
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Wirtschaft
Money Supply; Credit; Money Multipliers
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- Subject
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the Edmister model
credit risk analysis
Croatian SME’s
financial difficulties
discriminant analysis
classification method
Cohen’s Kappa
- Event
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Geistige Schöpfung
- (who)
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Milos Sprcic, Danijela
Klepac, Marija
Suman, Paola
- Event
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Veröffentlichung
- (who)
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University of Tourism and Management
- (where)
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Skopje
- (when)
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2013
- Handle
- Last update
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10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Milos Sprcic, Danijela
- Klepac, Marija
- Suman, Paola
- University of Tourism and Management
Time of origin
- 2013
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