miun.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Predicting bankruptcy among SMEs, Evidence from Swedish firm-level data
Mid Sweden University, Faculty of Human Sciences, Department of Social Sciences.
2011 (English)In: International Journal of Entrepreneurship and Small Business, ISSN 1476-1297, Vol. 14, no 4, 551-564 p.Article in journal (Refereed) Published
Abstract [en]

The failure rate of small and medium enterprises (SMEs) in Sweden is high, with about 6,000 SMEs claiming bankruptcy every year. This paper attempts to identify the main prediction variables that are believed to forecast the failure of Swedish SMEs. The research is principally based on an analysis of a panel data sample consisting of 1,412 bankrupt and 3,084 non-bankrupt Swedish SMEs for the period 2004 to 2006. The statistical technique of logistic regression model is employed to analyse the data. The results, which have a high rate of accuracy, indicate that a set of six variables are significant as bankruptcy predictors: the ratio of short-term debt to total assets, total leverage (the ratio of short- and long-term debt to total assets), change in total assets from the previous year, firm size (natural logarithm of sales), financial expenses to total debt, and return on assets.

Place, publisher, year, edition, pages
InderScience Publishers, 2011. Vol. 14, no 4, 551-564 p.
Keyword [en]
Bankruptcy prediction; Credit risk management; Failure determinants; Financial ratio; SME finance; Sweden
National Category
Social Sciences
Identifiers
URN: urn:nbn:se:miun:diva-15853DOI: 10.1504/IJESB.2011.043475Scopus ID: 2-s2.0-84857244802OAI: oai:DiVA.org:miun-15853DiVA: diva2:491674
Available from: 2012-02-07 Created: 2012-02-07 Last updated: 2012-08-09Bibliographically approved

Open Access in DiVA

No full text

Other links

Publisher's full textScopus

Search in DiVA

By author/editor
Yazdanfar, Darush
By organisation
Department of Social Sciences
In the same journal
International Journal of Entrepreneurship and Small Business
Social Sciences

Search outside of DiVA

GoogleGoogle Scholar

Altmetric score

Total: 308 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf