SMEs bankruptcies

Among the most controversial issues in the literature, and empirical studies that have addressed the subject of bankruptcy prediction, there is certainly the understanding of what kind of indicators is most predictive in the report on time, and especially with fewer errors thorough a corporate crisis. In this regard, the present work contributes to the already vast literature that analyzes the determinants of the probability of firm default, with particular attention to the quantities contained in the accounting ratios.

15p trinhthamhodang2 21-01-2020 37 1   Download

With reference to consideration on the future of credit guarantees in the world, it may be interesting to analyze the UK framework of guarantee schemes in favour of SMEs, where there are no private guarantee providers and where there is a substantial public monopoly. In particular, in this paper it emerges that among the countries examined by the OECD, the country where the credit guarantees are least widespread is the United Kingdom. However, the trend in bankruptcies recorded in recent years by British firms is better than the median of the other countries considered.

16p trinhthamhodang2 19-01-2020 14 1   Download

The prevention of financial losses is crucial for enterprises, especially in periods of market instability and uncertainty. Credit risk refers to the likelihood that a company will not be able to cover its liabilities and become insolvent and defaulted. Credit risk is of utmost importance not only for the enterprises but also for financial institutions (banks), which try to eliminate any possible losses from insolvent clients. Most of the enterprises in Europe are SMEs (Small and Medium Enterprises). Manufacturing sector is one of the most important, especially in Western Europe.

25p chauchaungayxua2 19-01-2020 26 2   Download

The paper investigates if Credit Guarantee Schemes (CGSs) have an effect on Small and Medium Enterprises (SMEs) bankruptcies. In such a framework, some recent studies are devoted to deepen the issue at national level. Most of them conclude that the CGSs may increase the probability of SMEs bankruptcies, suggesting the questions of moral hazard and adverse selection as possible motivations.

9p chauchaungayxua2 19-01-2020 20 2   Download

Members of the diaspora residing abroad are able to apply for and obtain small transnational loans in their countries of origin from banks or microfinance lenders. Financial institutions issue transnational loans for business expansion, home improvement, home purchase, and education expenses, but have found mortgage lending to be most successful. By obtaining transnational loans, migrants living abroad are able to provide credit to family members back home.

27p machuavo 19-01-2013 66 2   Download