The results of our statistical analyses, conducted on a sample of small manufacturing firms in Northern and Central Italy, show that both discriminant analysis and logistic regression are effective tools for designing SEs' default prediction models based on economic-financial ratios

Focusing on predicting the bankruptcy of small and medium size enterprises (SMEs) through the use of publicly available financial data, bankruptcy models are created that attempt to establish the relationship between bankruptcy and a number of financial ratios. Bankruptcy models were developed...

The globalization and the global financial crisis provide a new extremely competitive environment for small and medium sized enterprises (SMEs). During the latest years, the increased number offirms’ default has generated the need of understanding the factors of firms’ default, as SMEs in...