Seminar by Dario Girardi

SALA SEMINARI – 1° PIANO, PALAZZO LEVI CASES, VIA DEL SANTO 33 - ORE 17.00

10.06.2019

Seminar by Dario Girardi, Università di Verona  

Title: "A Dynamic Model for Cash Flow at Risk" joint with Luca Gentili, Bruno Giacomello, Martino Grasselli

Abstract: In this paper we define a new dynamic approach for measuring the Cash- Flow-at-Risk of a non financial  firm. Starting from the assumption that the dynamics of the Financial Statement evolves according to a system of difference equations involving the most important accounting records, we define a new risk measure, tailored on our dynamic approach, which takes full advantage of its
focus on the liquidity process. A numerical example based on a real case study shows the flexibility of our approach in describing distress.