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The Potential of Corporate Governance Variables for Small Enterprise Default Prediction Modeling
其他書名
Statistical Evidence from Italian Manufacturing Firms: Preliminary Findings
出版SSRN, 2013
URLhttp://books.google.com.hk/books?id=ba0azwEACAAJ&hl=&source=gbs_api
註釋Most studies of enterprise default prediction modeling use financial ratios as independent variables, and focus on large and medium sized enterprises. In this study, we applied logistic regression to a sample of 860 Italian small manufacturing firms, and built a business prediction model based on both financial ratios and corporate governance characteristics as independent variables. We then compared the accuracy rates obtained by this model to those from a second model, based on the same sample of firms, which used only financial ratios as predictive variables.