The University of Southampton
University of Southampton Institutional Repository

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).

Record type: Monograph (Discussion Paper)


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.

PDF AF01-1.pdf - Other
Download (189kB)

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


Local EPrints ID: 35732
ISSN: 1356-3548
PURE UUID: 77c75b8d-7386-4a74-9957-2f7c2e8b5c94

Catalogue record

Date deposited: 24 May 2006
Last modified: 17 Jul 2017 15:46

Export record


Author: C. Serrano Cinca
Author: C. Mar Molinero
Author: J.L. Gallizo Larraz

University divisions

Download statistics

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

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton:

ePrints Soton supports OAI 2.0 with a base URL of

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.