than half of the total value-added. In this paper, we develop distress prediction models for SMEs using a dataset from … overall distress rates. Moreover, SMEs across Europe are vulnerable to the same idiosyncratic factors but systematic factors …In the European Union, small and medium sized enterprises (SMEs) represent 99% of all businesses and contribute to more …

We develop distress prediction models for non-financial small and medium enterprises (SMEs) using a dataset from eight … companies, it offers unique insights into European small businesses. Second, it explores distress in a multi-country setting …, allowing for regional and country comparisons. Third, the models can capture changes in overall distress rates and co …

We develop distress prediction models for non-financial small and medium enterprises (SMEs) using a dataset from eight … companies, it offers unique insights into European small businesses. Second, it explores distress in a multi-country setting …, allowing for regional and country comparisons. Third, the models can capture changes in overall distress rates and co …

forecasting equations for firms' bankruptcy using Shumway's (2001) approach and study the joint dynamics of bankruptcies and …

forecasting equations for firms’ bankruptcy using Shumway's (2001) approach and study the joint dynamics of bankruptcies and …

significantly improve both in-sample model fit and out-of-sample forecasting accuracy. The improvements in forecasting accuracy are …