Bankruptcy Prediction for Micro and Small Enterprises Using Financial, Non-Financial, Business Sector and Macroeconomic Variables: The Case of the Lithuanian Construction Sector

Bankruptcy Prediction for Micro and Small Enterprises Using Financial, Non-Financial, Business Sector and Macroeconomic Variables: The Case of the Lithuanian Construction Sector

Credit-risk models that are designed for general application across sectors may not be suitable for the construction industry, which has unique characteristics and financial risks that require specialised modelling approaches. Moreover, advanced bankruptcy-prediction models are often used to achieve...

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Bibliographic Details
Main Authors: Rasa Kanapickienė, Tomas Kanapickas, Audrius Nečiūnas
Format: Article
Language:English
Published: MDPI AG 2023-05-01
Series:Risks
Subjects:
bankruptcy prediction
small and micro enterprises
financial ratios
macroeconomic variables
construction-sector variables
non-financial variables
Online Access:https://www.mdpi.com/2227-9091/11/5/97

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