Default prediction of small and medium-sized enterprises with industry effects
Publication type
Journal articlePublication Year
2011Journal
International Journal of Banking Accounting and FinancePublication Volume
3Publication Issue
2/3Publication Begin page
207Publication End page
231
Metadata
Show full item recordAbstract
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.Knowledge Domain/Industry
Accounting & Financeae974a485f413a2113503eed53cd6c53
10.1504/IJBAAF.2011.041455