文章基本信息

标题：USEFULNESS OF CASH FLOW INDICATORS IN CREDIT ANALYSIS: CASE OF SERBIA
其他标题：KORISNOST CASH FLOW POKAZATELJA U KREDITNOJ ANALIZI: PRAKSA U SRBIJI
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作者：Slavica Stevanović
期刊名称：Bankarstvo
印刷版ISSN：1451-4354
电子版ISSN：2466-5495
出版年度：2018
卷号：47
期号：3
页码：12-28
DOI：10.5937/bankarstvo1803012S
语种：English
出版社：Association of Serbian Banks
摘要：The aim of this paper is to analyze the representation and usefulness of cash flow indicators in the credit analysis process in Serbia.The research methodology includes the content analysis taken for the research purpose.Key contributions of the paper are empirical research based on scientific surveys.The credit analysis practice in Serbia has been studied regarding the application of cash flow based financial indicators in the system of assessing the credit rating of the banks' business credit users.The research results indicate that cash flow-based indicators are less widely used in credit ratings compared to indicators based on balance sheet and income statement items.Nevertheless,surveyed credit analysts in Serbia confirm the usefulness of cash flow information of banks’ clients for making credit decisions.Liquidity indicator based on cash flow,selected coverage indicators and cash flow margin record the highest representation and usefulness of the application in the credit rating system of business clients among selected cash flow indicators.
其他摘要：Cilj rada je analiza zastupljenosti i korisnosti cash flow pokazatelja u postupku kreditne analize u Srbiji.Metodologija istraživanja obuhvata analizu sadržaja koja je primerena cilju istraživanja.Ključan doprinos rada čine empirijska istraživanja koja su zasnovana na naučnim anketama.Praksa kreditne analize u Srbiji je proučavana na osnovu primene finansijskih pokazatelja,koji su zasnovani na novčanim tokovima,u sistemu ocene kreditnog rejtinga privrednih korisnika bankarskih plasmana.Rezultati istraživanja pokazuju da se cash flow pokazatelji u manjoj meri primenjuju u oceni kreditnog rejtinga u odnosu na pokazatelje koji su zasnovani na pozicijama bilansa stanja i bilansa uspeha.Ipak,anketirani kreditni analitičari u Srbiji ocenama koje iznose potvrđuju korisnost cash flow informacija klijenata banke za donošenje odluka o kreditiranju.Pokazatelj likvidnosti zasnovan na novčanim tokovima,odabrani pokazatelji pokrića i cash flow marža beleže najveću zastupljenost i najviše ocene korisnosti primene u sistemu utvrđivanja kreditnog rejtinga privrednih klijenata banke među odabranim cash flow pokazateljima.
关键词：cash flow indicators;assessment of usefulness;credit analysts;business credit users
其他关键词：cash flow pokazatelji;ocena korisnosti;kreditni analitičari;privredni korisnici kredita