Change and invariance in EU aggregate financial statement data
Change and invariance in EU aggregate financial statement data
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.
BACH database, Central Balance Sheet, three-way scaling, financial statement analysis, European business evolution
University of Southampton
Serrano Cinca, C.
90e6b01c-17ba-44b6-b723-b18e19ad28bc
Mar Molinero, C.
915e1795-1028-433b-8ec3-b530fb25cbbf
Gallizo Larraz, J.L.
62d8f73d-e5fd-48c0-abaa-5151119e36c6
2001
Serrano Cinca, C.
90e6b01c-17ba-44b6-b723-b18e19ad28bc
Mar Molinero, C.
915e1795-1028-433b-8ec3-b530fb25cbbf
Gallizo Larraz, J.L.
62d8f73d-e5fd-48c0-abaa-5151119e36c6
Serrano Cinca, C., Mar Molinero, C. and Gallizo Larraz, J.L.
(2001)
Change and invariance in EU aggregate financial statement data
(Discussion Papers in Accounting & Finance, AF 01-1)
Southampton, UK.
University of Southampton
28pp.
Record type:
Monograph
(Discussion Paper)
Abstract
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.
More information
Published date: 2001
Additional Information:
ISSN 1356-3548
Keywords:
BACH database, Central Balance Sheet, three-way scaling, financial statement analysis, European business evolution
Identifiers
Local EPrints ID: 35732
URI: http://eprints.soton.ac.uk/id/eprint/35732
ISSN: 1356-3548
PURE UUID: 77c75b8d-7386-4a74-9957-2f7c2e8b5c94
Catalogue record
Date deposited: 24 May 2006
Last modified: 15 Mar 2024 07:54
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Contributors
Author:
C. Serrano Cinca
Author:
C. Mar Molinero
Author:
J.L. Gallizo Larraz
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