Rikkers, Frieda; Thibeault, Andre E. - In: International Journal of Banking, Accounting and Finance 3 (2011) 2/3, pp. 207-231
important component in bankruptcy prediction; however, in previous academic literature on default prediction, not much attention …. Industry, measured by the weight-of-evidence (WoE), is a significant variable in default prediction of SMEs. Rating models … than for a generic PD model. Industry specific default prediction models perform slightly better than the generic model …