Los modelos de control de gestion de la actividad bancaria: capacidad predictiva para el cumplimiento de objetivos en los procesos de crisis

Universidad, Sociedad y Mercados Globales, 2008-01-01, ISBN 978-84-691-5667-4, pags. 249-260 01/2008;
Source: OAI

ABSTRACT The main objective of this study is to determine whether the models of management control bank can act as valid predictors of the processes of banking crises, especially since they are derived from a process of global financial crisis.
Starting from an initial reference to the processes of financial crisis, and determining the relationship between financial crisis and banking crisis, sets out the main objectives of management of financial institutions and the classic models of management control bank, with the purpose of checking whether they are able to detect diversions of the objectives set out a process to anticipate crises in the entity.

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    ABSTRACT: This study provides empirical evidence on the extent to which Cash Flow From Operations (CFFO) are not proxied by more traditional measures of performance such as Operating Net Income (OPNI) and Working Capital From Operations (WCFO). The study employs a sample of 60 Greek firms. Our results indicate that OPNI and WCFO are highly correlated and do not proxy CFFO. Moreover, careful analysis of several Greek bankrupt firms' cash flows, among those Barko and Avrassoglou, could have indicated liquidity and solvency problems several years before bankruptcy. Barko's and Avrassoglou's WCFO and OPNI were positive over the ten-year period preceding bankruptcy. On the other hand, CFFO was negative in all ten years before bankruptcy.
    The British Accounting Review 01/1990; 22(2):107-117. DOI:10.1016/0890-8389(90)90057-O


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