Institutional Repository
Technical University of Crete
Technical University of Crete
EN
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EL
| URI | http://purl.tuc.gr/dl/dias/50F35985-9E19-46AA-A0B2-638FB4BD0A51 | - |
| Identifier | http://www.tandfonline.com/doi/abs/10.1080/0963818022000000966 | - |
| Identifier | https://doi.org/10.1080/0963818022000000966 | - |
| Language | en | - |
| Extent | 27 pages | en |
| Title | Detecting falsified financial statements: a comparative study using multicriteria analysis and multivariate statistical techniques | en |
| Creator | Zopounidis Konstantinos | en |
| Creator | Ζοπουνιδης Κωνσταντινος | el |
| Creator | Michael Doumpos | en |
| Creator | Δουμπος Μιχαλης | el |
| Creator | Spathis, Charalambos T | en |
| Publisher | Taylor & Francis | en |
| Content Summary | Falsifying financial statements involves the manipulation of financial accounts by overstating assets, sales and profit, or understating liabilities, expenses or losses. This paper explores the effectiveness of an innovative classification methodology in detecting firms that issue falsified financial statements (FFS) and the identification of the factors associated to FFS. The methodology is based on the concepts of multicriteria decision aid (MCDA) and the application of the UTADIS classification method (UTilités Additives DIScriminantes). A sample of 76 Greek firms (38 with FFS and 38 non-FFS) described over ten financial ratios is used for detecting factors associated with FFS. A jackknife procedure approach is employed for model validation and comparison with multivariate statistical techniques, namely discriminant and logit analysis. The results indicate that the proposed MCDA methodology outperforms traditional statistical techniques which are widely used for FFS detection purposes. Furthermore, the results indicate that the investigation of financial information can be helpful towards the identification of FFS and highlight the importance of financial ratios such as the total debt to total assets ratio, the inventories to sales ratio, the net profit to sales ratio and the sales to total assets ratio. | en |
| Type of Item | Peer-Reviewed Journal Publication | en |
| Type of Item | Δημοσίευση σε Περιοδικό με Κριτές | el |
| License | http://creativecommons.org/licenses/by/4.0/ | en |
| Date of Item | 2015-11-17 | - |
| Date of Publication | 2002 | - |
| Subject | Multicriteria decision aid | en |
| Bibliographic Citation | C. Spathis, M. Doumpos and C. Zopounidis, "Detecting falsified financial statements: a comparative study using multicriteria analysis and multivariate statistical techniques," Europ. Account. Rev., vol. 11, no. 3, pp. 509-535, 2002. doi:10.1080/0963818022000000966 | en |
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