This paper extends the existing literature on empirical research in the field of credit risk default for Small Medium Enterprises (SMEs) and proposes novel explanatory variables about past payment behavior of firms using two different approaches of survival analysis for sake of comparison. First...

Since World War II, the concept of credit rationing (CR) has been a topic of extensive investigations, both theoretical and empirical. From the theoretical point of view, several attempts have been made to define the extent to which a firm can be identified as credit rationed in macroeconomic...

Since World War II, the concept of credit rationing (CR) has been a topic of extensive investigations, both theoretical and empirical. From the theoretical point of view, several attempts have been made to define the extent to which a firm can be identified as credit rationed in macroeconomic...