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Integrating Industrial and Financial Analysis into a Rating Methodology for Corporate Risk Detection: The Case of the Vicenza Manufacturing Firms

  • Guido Max MantovaniEmail author
  • Giancarlo Coro
  • Paolo Gurisatti
  • Mattia Mestroni
Chapter

Abstract

Banks weakness derived from rating models that produce cyclical effects on credit availability and are not able to anticipate anti-cyclical firms’ trends. The aim of the paper is to develop a framework for an original rating methodology derived from integration of industrial and financial analysis able to identify best performers in crisis scenarios (anti-cyclically). Industrial analysis is based on firm heterogeneity approaches to measure three dimensions of analysis: innovation, internationalization and growth. Financial analysis focuses on operational return and risks measures and develops an integrated classification of firms using standardized XBRL financial data. Further integration of the two methodologies is used to create the effective set of information needed for rating system.

Keywords

Corporate risks Rating Firm behavior Firm performance 

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Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  • Guido Max Mantovani
    • 1
    Email author
  • Giancarlo Coro
    • 2
  • Paolo Gurisatti
    • 2
  • Mattia Mestroni
    • 2
  1. 1.HERMES-UniversitiesStrasbourg CedexFrance
  2. 2.Ca’ Foscari University of VeniceVeneziaItaly

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