Costa, Magali; Lisboa, Inês Margarida; Gameiro, Ana - In: Risks : open access journal 10 (2022) 5, pp. 1-24
This work analyses whether financial information quality is relevant to explaining firms’ probability of default. A … financial default prediction model for SMEs (Small and Medium Enterprises) is presented, which includes not only traditional … construction sector, from 2012 to 2018, is analysed. First, firms are classified as default or compliant using an ex-ante criterion …