Default prediction of small and medium-sized enterprises with industry effects
Rikkers, Frieda Thibeault, André
Rikkers, Frieda
Thibeault, André
Citations
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Publication Type
Journal article
Editor
Supervisor
Publication Year
2011
Journal
International Journal of Banking Accounting and Finance
Book
Publication Volume
3
Publication Issue
2/3
Publication Begin page
207
Publication End page
231
Publication Number of pages
Collections
Abstract
Financial statements vary between industries. Therefore, economic intuition suggests that industry effects should be an important component in bankruptcy prediction; however, in previous academic literature on default prediction, not much attention has been paid to these effects. In this study a number of questions concerning credit risk modelling of small and medium-sized enterprises (SMEs) and industry are answered.