Financial Rating of European Technology Companies: An International Comparison

31 Pages Posted: 26 Jan 2003

See all articles by Erkki K. Laitinen

Erkki K. Laitinen

University of Vaasa - Department of Accounting and Finance

Abstract

The purpose of this study is to investigate possibilities to uniform financial rating of technology companies in Europe from the perspective of a potential investor. The data consist of financial statements of 6,370 companies from seventeen European countries and the US in 1993-1996. The data from 1994-1996 are used to measure three-year success and the data from 1993 to predict this success. Success is measured by the principal factor of six performance measures. Country risk, percentage change in GDB, size, and eight financial ratios calculated for 1993 are used as predictors of success in the binary logistic analysis.

Suggested Citation

Laitinen, Erkki K., Financial Rating of European Technology Companies: An International Comparison. Journal of Business Finance & Accounting, Vol. 29, pp. 871-901, 2002. Available at SSRN: https://ssrn.com/abstract=333913

Erkki K. Laitinen (Contact Author)

University of Vaasa - Department of Accounting and Finance ( email )

P.O. Box 700
FIN-65101 Vaasa, FI-65101
Finland
+358 61 324 8275 (Phone)
+358 61 324 8344 (Fax)

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