Development of company's creditworthiness analysis model based on the characteristics of the national market

The main issue for all creditors in the Republic of Serbia is how to effectively lend to companies, with adequate increase of rate of return. Namely, domestic creditors are using traditional credit analysis methods, which are very slow and very expensive, or on the other hand using one of the world...

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Main Authors: Ilić Miloš, Saković Dušan, Stanišić Mile
Format: Article
Language:English
Published: Economics institute, Belgrade 2019-01-01
Series:Industrija
Subjects:
Online Access:https://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2019/0350-03731902007I.pdf
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spelling doaj-8054a120bb3c4b5f954297e2cf1324312020-11-25T01:45:13ZengEconomics institute, BelgradeIndustrija0350-03732334-85262019-01-014727250350-03731902007IDevelopment of company's creditworthiness analysis model based on the characteristics of the national marketIlić Miloš0Saković Dušan1Stanišić Mile2Erste Bank ad, Novi SadMK Group DOO, BeogradSingidunum UniversityThe main issue for all creditors in the Republic of Serbia is how to effectively lend to companies, with adequate increase of rate of return. Namely, domestic creditors are using traditional credit analysis methods, which are very slow and very expensive, or on the other hand using one of the world most developed models for assessing company's creditworthiness, which are still not adapted to the characteristics and performance of domestic companies. It is emphasized from a professional and practical standpoint, that the models for assessing company's creditworthiness developed for individual market, give significantly better results than other "standardized models", and this represents the basic assumption of this research. Financial statements of domestic companies, together with their analytical indicators, in best way reflect their characteristics. As such, they are the basis for developing a model for assessing companies' creditworthiness, which is the main goal of the research. The hypothesis of the paper is "Respecting the characteristics of domestic companies, it is possible to develop a creditworthiness analysis model for the Republic of Serbia, that will be more efficient than generally known models". The result of the research is a model that can be practically applied, which contributes to increasing efficiency in decision making, and which should represent "condition sine qua non" of each lender in Serbia.https://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2019/0350-03731902007I.pdfcreditworthinessloan placementfinancial statementsanalytical indicators
collection DOAJ
language English
format Article
sources DOAJ
author Ilić Miloš
Saković Dušan
Stanišić Mile
spellingShingle Ilić Miloš
Saković Dušan
Stanišić Mile
Development of company's creditworthiness analysis model based on the characteristics of the national market
Industrija
creditworthiness
loan placement
financial statements
analytical indicators
author_facet Ilić Miloš
Saković Dušan
Stanišić Mile
author_sort Ilić Miloš
title Development of company's creditworthiness analysis model based on the characteristics of the national market
title_short Development of company's creditworthiness analysis model based on the characteristics of the national market
title_full Development of company's creditworthiness analysis model based on the characteristics of the national market
title_fullStr Development of company's creditworthiness analysis model based on the characteristics of the national market
title_full_unstemmed Development of company's creditworthiness analysis model based on the characteristics of the national market
title_sort development of company's creditworthiness analysis model based on the characteristics of the national market
publisher Economics institute, Belgrade
series Industrija
issn 0350-0373
2334-8526
publishDate 2019-01-01
description The main issue for all creditors in the Republic of Serbia is how to effectively lend to companies, with adequate increase of rate of return. Namely, domestic creditors are using traditional credit analysis methods, which are very slow and very expensive, or on the other hand using one of the world most developed models for assessing company's creditworthiness, which are still not adapted to the characteristics and performance of domestic companies. It is emphasized from a professional and practical standpoint, that the models for assessing company's creditworthiness developed for individual market, give significantly better results than other "standardized models", and this represents the basic assumption of this research. Financial statements of domestic companies, together with their analytical indicators, in best way reflect their characteristics. As such, they are the basis for developing a model for assessing companies' creditworthiness, which is the main goal of the research. The hypothesis of the paper is "Respecting the characteristics of domestic companies, it is possible to develop a creditworthiness analysis model for the Republic of Serbia, that will be more efficient than generally known models". The result of the research is a model that can be practically applied, which contributes to increasing efficiency in decision making, and which should represent "condition sine qua non" of each lender in Serbia.
topic creditworthiness
loan placement
financial statements
analytical indicators
url https://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2019/0350-03731902007I.pdf
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