We develop distress prediction models for non-financial small and medium sized enterprises (SMEs) using a dataset from … many micro companies, it offers unique insights into European small businesses. Second, it explores distress in a multi …-country setting, allowing for regional and country comparisons. Third, the models can capture changes in overall distress rates and co …

In this paper, we examine idiosyncratic and systematic distress predictors for small and medium sized enterprises (SMEs … factors but systematic factors vary. Moreover, systematic factors move average distress rates and small SMEs are more …) in Europe over the period 2000-2009. We find that SMEs across European regions are vulnerable to common idiosyncratic …

augments the prediction problem by covariate forecasting models. In this paper, we present simple alternatives for multi …

) and continuous-time Cox Proportional Hazards (CPH) model in predicting bankruptcy and financial distress of the United … States Small and Medium-sized Enterprises (SMEs). Consistent with the theoretical arguments, we report that discrete …