In the light of the fundamental role played by small and medium enterprises (SMEs) in the economy of many countries including Italy and of the specific treatment of this issue within the Basel II regulation, the aim of this work is to build a default prediction model for the Italian SMEs. Specifically, we develop a logit model based on financial ratios: using the AIDA database, we focus the attention on a specific region in Italy, Emilia Romagna, where SMEs represent the firms’ majority . We find that a parsimonious model based on only four explanatory variables fits well the default data.

Pederzoli, C. e C., Torricelli. "A parsimonious default prediction model for Italian SMEs" Working paper, CEFIN WORKING PAPERS, Dipartimento di Economia Marco Biagi - Università di Modena e Reggio Emilia, 2010. https://doi.org/10.25431/11380_1197426

A parsimonious default prediction model for Italian SMEs

Pederzoli, C.;Torricelli, C.
2010

Abstract

In the light of the fundamental role played by small and medium enterprises (SMEs) in the economy of many countries including Italy and of the specific treatment of this issue within the Basel II regulation, the aim of this work is to build a default prediction model for the Italian SMEs. Specifically, we develop a logit model based on financial ratios: using the AIDA database, we focus the attention on a specific region in Italy, Emilia Romagna, where SMEs represent the firms’ majority . We find that a parsimonious model based on only four explanatory variables fits well the default data.
Giugno
Pederzoli, C.; Torricelli, C.
Pederzoli, C. e C., Torricelli. "A parsimonious default prediction model for Italian SMEs" Working paper, CEFIN WORKING PAPERS, Dipartimento di Economia Marco Biagi - Università di Modena e Reggio Emilia, 2010. https://doi.org/10.25431/11380_1197426
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11380/1197426
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