إختبار دور النسب المالية في التنبؤ بالتعثر المالي المؤسسات الصغيرة والمتوسطة الجزائرية نموذجا للفترة 2005-2012

Abstract

The ultimate objective of this study is to build a model able to predict the risk of financial deficit at the level of small and medium Algerian enterprises, attempting to link this deficiency to financial ratios, looking for how far they are able to distinguish the failed enterprises from the non-failed. To accomplish this, the Discriminant Analysis (AFD) is used , It is applied on a sample of 13 small and medium Algerian enterprises, including five failed and the rest non-failed. The analysis yielded the following results: Working capital to total assets , Total debt to total assets and Shortterm debt to total assets Are the three financial ratios of 23 have the ability to distinguish . Accordingly, Based on the results reached suggest to institutions and banks, alike, adopt the predictive mathematical models in the processes of studying, diagnosing, granting credit and following-up