Altman, E.I., Sabato, G. and Wilson, N. orcid.org/0000-0001-5250-9894 (2010) The value of non-financial information in SME risk management. Journal of Credit Risk, 6 (2). pp. 95-127. ISSN 1744-6619
Abstract
Few studies that have focused on developing credit risk models specifically for small and medium-sized enterprises (SMEs) have included non-financial information as a predictor of company creditworthiness. In this study we have available non-financial, regulatory compliance and “event” data to supplement the limited accounting data that is often available for non-listed firms. We employ a sample consisting of over 5.8 million sets of accounts of unlisted firms, of which over 66,000 failed during the period 2000–2007. We find that data relating to legal action by creditors to recover unpaid debts, company filing histories, comprehensive audit report/opinion data and firm-specific characteristics make a significant contribution to increasing the default prediction power of risk models built specifically for SMEs.
Metadata
Item Type: | Article |
---|---|
Authors/Creators: |
|
Copyright, Publisher and Additional Information: | This item is protected by copyright. Reproduced in accordance with the publisher's self-archiving policy. |
Dates: |
|
Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Accounting & Finance Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 18 Nov 2024 11:31 |
Last Modified: | 18 Nov 2024 11:39 |
Status: | Published |
Publisher: | Infopro Digital Services |
Identification Number: | 10.21314/JCR.2010.110 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:219715 |