The financial performance and credit risk of moldovan and portuguese companies using data envelopment analysis

Monte, Ana Paula; Tomita, Petru; Racul, Anatol

http://hdl.handle.net/10198/16971

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Authors

Monte, Ana Paula

Tomita, Petru

Racul, Anatol

Abstract(s)

The objective of this paper is to identify determinants of a company’s financial performance and assessing its credit risk by analyzing the differences in technical efficiency among a sample of companies from the Republic of Moldova and Portugal. Data envelopment analysis (DEA) is a mathematical programming model applied to a set of observations for each company corresponding to achieve output level for given input levels. DEA provides a comprehensive analysis of relative efficiency for multiple input – multiple output situations by evaluating each company and measuring its performance relative to an envelopment surface composed of other companies. Companies that lie on the envelopment surface are deemed efficient and companies that do not lie on the surface are termed inefficient and the analysis provides a measure of their relative efficiency.

Keywords

Credit risk Data envelopment analysis Financial performance

URI

http://hdl.handle.net/10198/16971

Citation

Monte, Ana Paula; Tomita, Petru; Racul, Anatol (2016) -The financial performance and credit risk of moldovan and portuguese companies using data envelopment analysis. In Actas del XVII Encuentro AECA - Bragança-Portugal (on-line). Bragança. ISBN 978-84-16286-26-3