Innovation and SMEs Financial Distress During the Crisis Period: The Greek Paradigm (original) (raw)

2017

Abstract

The economic crisis in recent years has brought significant challenges in almost all business and shown that exogenous factors act as catalysts in markets. As a consequence of such a result, there is a need to highlight the importance of implementing models for analyzing potential future firms’ behavior, namely creating models for assessing potential economic impact that contribute a lot in avoiding firms’ financial default. This chapter focuses on describing factors affecting business risk associated with Altman’s score and proposes a model in which indicators used are critical for firms’ financial distress. Altman’s Z-score is used to formulate SMEs’ risk zone category in comparison with key factors associated with firms’ viability, such as ERP and Patents use, Age of firms, SMEs cooperation with universities and research centers to implement successful products and services, as well as the number of women in board, all derived from a field research. The aim of this chapter is to ...

Efthalia Tabouratzi hasn't uploaded this paper.

Let Efthalia know you want this paper to be uploaded.

Ask for this paper to be uploaded.