Cultrera, Loredana; Brédart, Xavier - In: Review of Accounting and Finance 15 (2016) 1, pp. 101-119
Purpose – The aim of this paper is to develop a bankruptcy prediction model for the Belgian small- and medium-sized enterprises (SMEs) through the building of a logit model that includes a selection of financial ratios. Design/methodology/approach – Using a sample of 7,152 Belgian SMEs among...