Wahlstrøm, Ranik Raaen; Becker, Linn-Kristin; Fornes, … - In: Cogent economics & finance 12 (2024) 1, pp. 1-33
We investigate non-financial variables for predicting bankruptcy in small and medium-sized enterprises (SMEs). The … sample of SMEs, we empirically examine the variables that predict bankruptcy over time horizons of one, two and three years … non-financial variables enhances bankruptcy predictions compared to using financial variables alone. Moreover, our results …