Hacia una ordenación de las pequeñas empresas atendiendo a su posible situación de fracaso

In the accounting literature, many papers intended to explain business failure by using accounting information. Therefore, they tried to show the link between accounting information and business failure. Nevertheless, results obtained so far are not definite, as long as no common pattern was found to model failure behaviour. This paper is intended to propose a ratio that summarises the information contained in many different accounting ratios. The overall information provide by this ratio allows to classify companies according to their failure probability. The classification of companies is meaningful.