CREDIT RISK OF ICELANDIC MUNICIPALITIES
In this article the results of an extensive research on the credit risk of Icelandic municipalities are presented. The methodology named after Altman was applied and the credit risk of Icelandic municipalities was assessed according to his model. In addition the relationship between financial health...
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University of Oradea Publishing House
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ftdoajarticles:oai:doaj.org/article:40b93ebdae6f43039fef12f0db735580 2023-05-15T16:49:31+02:00 CREDIT RISK OF ICELANDIC MUNICIPALITIES Stefán B. Gunnlaugsson 2017-09-01T00:00:00Z https://doaj.org/article/40b93ebdae6f43039fef12f0db735580 EN eng University of Oradea Publishing House http://ojbe.steconomiceuoradea.ro/wp-content/uploads/2017/09/OJBE_22_7-15.pdf https://doaj.org/toc/2501-3599 2501-3599 https://doaj.org/article/40b93ebdae6f43039fef12f0db735580 Oradea Journal of Business and Economics, Vol 2, Iss 2, Pp 7-15 (2017) Iceland municipalities credit risk altman Z Business HF5001-6182 Economics as a science HB71-74 article 2017 ftdoajarticles 2022-12-31T10:48:32Z In this article the results of an extensive research on the credit risk of Icelandic municipalities are presented. The methodology named after Altman was applied and the credit risk of Icelandic municipalities was assessed according to his model. In addition the relationship between financial health and the size of municipalities was examined. Finally a small study was conducted where the financial health of municipalities around the capital area was different from other. The results are that this methodology is useful when evaluating the credit risk of Icelandic municipalities. The findings indicate that Icelandic municipalities have been able to continue functioning financially even though being very weak financially. Smaller municipalities were on average much financially stronger than the larger ones. But there was not a statistical significant difference in the financial strength of municipalities around the capital to other municipalities around the country. Article in Journal/Newspaper Iceland Directory of Open Access Journals: DOAJ Articles |
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Directory of Open Access Journals: DOAJ Articles |
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ftdoajarticles |
language |
English |
topic |
Iceland municipalities credit risk altman Z Business HF5001-6182 Economics as a science HB71-74 |
spellingShingle |
Iceland municipalities credit risk altman Z Business HF5001-6182 Economics as a science HB71-74 Stefán B. Gunnlaugsson CREDIT RISK OF ICELANDIC MUNICIPALITIES |
topic_facet |
Iceland municipalities credit risk altman Z Business HF5001-6182 Economics as a science HB71-74 |
description |
In this article the results of an extensive research on the credit risk of Icelandic municipalities are presented. The methodology named after Altman was applied and the credit risk of Icelandic municipalities was assessed according to his model. In addition the relationship between financial health and the size of municipalities was examined. Finally a small study was conducted where the financial health of municipalities around the capital area was different from other. The results are that this methodology is useful when evaluating the credit risk of Icelandic municipalities. The findings indicate that Icelandic municipalities have been able to continue functioning financially even though being very weak financially. Smaller municipalities were on average much financially stronger than the larger ones. But there was not a statistical significant difference in the financial strength of municipalities around the capital to other municipalities around the country. |
format |
Article in Journal/Newspaper |
author |
Stefán B. Gunnlaugsson |
author_facet |
Stefán B. Gunnlaugsson |
author_sort |
Stefán B. Gunnlaugsson |
title |
CREDIT RISK OF ICELANDIC MUNICIPALITIES |
title_short |
CREDIT RISK OF ICELANDIC MUNICIPALITIES |
title_full |
CREDIT RISK OF ICELANDIC MUNICIPALITIES |
title_fullStr |
CREDIT RISK OF ICELANDIC MUNICIPALITIES |
title_full_unstemmed |
CREDIT RISK OF ICELANDIC MUNICIPALITIES |
title_sort |
credit risk of icelandic municipalities |
publisher |
University of Oradea Publishing House |
publishDate |
2017 |
url |
https://doaj.org/article/40b93ebdae6f43039fef12f0db735580 |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
Oradea Journal of Business and Economics, Vol 2, Iss 2, Pp 7-15 (2017) |
op_relation |
http://ojbe.steconomiceuoradea.ro/wp-content/uploads/2017/09/OJBE_22_7-15.pdf https://doaj.org/toc/2501-3599 2501-3599 https://doaj.org/article/40b93ebdae6f43039fef12f0db735580 |
_version_ |
1766039647819923456 |