Change and invariance in EU aggregate financial statement data

Serrano Cinca, C., Mar Molinero, C. and Gallizo Larraz, J.L. (2001) Change and invariance in EU aggregate financial statement data. Southampton, UK, University of Southampton, 28pp. (Discussion Papers in Accounting & Finance, AF 01-1).


Download (185Kb)


Aggregate accounting data from the BACH data base for European manufacturing companies is used to explore the nature of the differences in financial structure between eleven countries in the European Union over the period 1986-1999. The analysis relies on scaling methods, which visualise the most important features of the data and their dynamic evolution. It is found that there is a geographical divide in the EU, which appears to be related to company profitability and staff cost structure. The differences between countries are influenced by the economic cycle, being more accentuated in periods of low economic activity.

Item Type: Monograph (Discussion Paper)
Additional Information: ISSN 1356-3548
ISSNs: 1356-3548 (print)
Keywords: BACH database, Central Balance Sheet, three-way scaling, financial statement analysis, European business evolution
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HG Finance
Divisions : University Structure - Pre August 2011 > School of Management
ePrint ID: 35732
Accepted Date and Publication Date:
2001Made publicly available
Date Deposited: 24 May 2006
Last Modified: 02 Oct 2015 09:30

Actions (login required)

View Item View Item

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics