The objectives of this study are to predict bankruptcy risk among SMEs in the hospitality industry for a three-year horizon period and investigate factors that significant determining bankruptcy. contribution is essential as businesses dominated by SME operators. However, failure rate relatively high almost 50 percent establishments do not survive beyond five years operation. Stepwise logistic ...

the financial crisis have caused many writers to become concerned with the effectiveness of existing bankruptcy laws, which encompasses both the usefulness of reorganization and liquidation laws, as well as efficiency of the judicial system to uphold the laws in court. this concern accompanied in our legal system with the privatization movement has caused many banks owned by the government to b...

Bankruptcy prediction is a key part in corporate credit risk management. Traditional bankruptcy prediction models employ financial ratios or market prices to predict bankruptcy or financial distress prior to its occurrence. We investigate the predictive accuracy of corporate efficiency measures along with standard financial ratios in predicting corporate distress in Chinese companies. Data Enve...