This chapter analyzes the determinants of the default probability for a sample of 9.208 Italian SMEs, in a time frame of three years. Using factor analysis and stepwise procedure - to reduce the original set of balance sheet indicators - and logistic regression - for the default prediction - the results show important links between the composition of financial resources and firm insolvencies.
"La rilevanza delle variabili finanziarie nel rating: i risultati di un'analisi empirica sulle PMI italiane"
PIETROVITO F
2012-01-01
Abstract
This chapter analyzes the determinants of the default probability for a sample of 9.208 Italian SMEs, in a time frame of three years. Using factor analysis and stepwise procedure - to reduce the original set of balance sheet indicators - and logistic regression - for the default prediction - the results show important links between the composition of financial resources and firm insolvencies.File in questo prodotto:
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