Rational small business management necessitates the development of a system for recording important internal information. Companies are obliged to collect statistical data that mainly serves fiscal needs. Exemplary use of such significant data entails financial liquidity (LIQt) and debt recovery...

A firm's current leverage ratio is one of the core characteristics of credit quality used in statistical default prediction models. Based on the capital structure literature, which shows that leverage is mean-reverting to a target leverage, we forecast future leverage ratios and include them in...