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MONTE CARLO NON-PARAMERIC SIMULATION OF FINANCIAL STATEMENTS MAGNITUDES, FOR THE STABILITY OF ENTERPRISES UNDER THE STRESS OF CRISES
Last modified: 2015-09-24
Abstract
In the current paper, we study the stability and the probabilities of bankruptcy of enterprises and banks with Monte Carlo non-parametric simulation. We utilize the basic quantities and indicators of the Balance sheet and Income statement. We use real sample historic data to define normal variability of the magnitudes. Finally we give safe and dangerous ranges of capitalization structure, leverage , profitability etc, that result to high probabilities of bankruptcy
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