THEMATIC RESEARCH OF FINANCIAL RATIOS AND RISK ASSESSMENT BASED ON BIBLIOMETRIC ANALYSIS

Abstract

The main objective of this paper is to conduct a fundamental thematic research on financial ratios and risk assessment. As research methods, a systematic review of the field of knowledge in this domain was used, as well as a bibliometric analysis – the cluster method – carried out on a scientific material comprising 209 articles extracted from the academic Web of Science platform, using the Bibliometrix software. The review of the literature revealed that there is no consensus on how to use financial indicators in risk analysis, dichotomic approaches being identified for specific situations, depending on the purpose of research and on the methodological tools used. The main results of the bibliometric analysis reflect that research on risk assessment through the use of financial ratios has significantly increased in volume as a result of the global economic and financial crisis. The most popular topics according to the results obtained are focused on predictive risk analyzes, the use of financial rates in the performance analysis of economic entities, but also in the assessment of financial risk, insolvency or fraud risks, the use of econometric models in carrying out risk analysis and the use of statistical analyzes in risk assessment activities

Keywords

• bibliometric analysis; bibliometrix; financial ratios; risk analysis; risk assessment