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Corporate governance characteristics and default prediction modeling for small enterprises. An empirical analysis of Italian firms

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  • Ciampi, Francesco

Abstract

The aim of this paper is to analyze how the relationship between corporate governance mechanisms and business failure changes in small enterprises (SEs) compared to larger firms.

Suggested Citation

  • Ciampi, Francesco, 2015. "Corporate governance characteristics and default prediction modeling for small enterprises. An empirical analysis of Italian firms," Journal of Business Research, Elsevier, vol. 68(5), pages 1012-1025.
  • Handle: RePEc:eee:jbrese:v:68:y:2015:i:5:p:1012-1025
    DOI: 10.1016/j.jbusres.2014.10.003
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    Cited by:

    1. Anup Banerjee & Mattias Nordqvist & Karin Hellerstedt, 2020. "The role of the board chair—A literature review and suggestions for future research," Corporate Governance: An International Review, Wiley Blackwell, vol. 28(6), pages 372-405, November.
    2. Khandelwal, Chandni & Kumar, Satish & Madhavan, Vinodh & Pandey, Nitesh, 2020. "Do board characteristics impact corporate risk disclosures? The Indian experience," Journal of Business Research, Elsevier, vol. 121(C), pages 103-111.
    3. Boratyńska, Katarzyna & Grzegorzewska, Emilia, 2018. "Bankruptcy prediction in the agribusiness sector: Lessons from quantitative and qualitative approaches," Journal of Business Research, Elsevier, vol. 89(C), pages 175-181.
    4. Francesco Ciampi & Alessandro Giannozzi & Giacomo Marzi & Edward I. Altman, 2021. "Rethinking SME default prediction: a systematic literature review and future perspectives," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(3), pages 2141-2188, March.
    5. A. I. Rybalka, 2020. "Relationship of Property Structure and Performance of High-Tech Technology Companies," Studies on Russian Economic Development, Springer, vol. 31(3), pages 264-270, May.
    6. Forgione, Antonio Fabio & Migliardo, Carlo, 2018. "Forecasting distress in cooperative banks: The role of asset quality," International Journal of Forecasting, Elsevier, vol. 34(4), pages 678-695.
    7. Oliver Lukason & Art Andresson, 2019. "Tax Arrears Versus Financial Ratios in Bankruptcy Prediction," Journal of Risk and Financial Management, MDPI, Open Access Journal, vol. 12(4), pages 1-13, December.
    8. Song, Zhuo-lin & Zhang, Xiao-mei, 2018. "Lending technology and credit risk under different types of loans to SMEs: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 57(C), pages 43-69.
    9. Keijo Kohv & Oliver Lukason, 2021. "What Best Predicts Corporate Bank Loan Defaults? An Analysis of Three Different Variable Domains," Risks, MDPI, Open Access Journal, vol. 9(2), pages 1-19, January.
    10. Karminsky, A. & Rybalka, A., 2018. "Negative Net Worth of Manufacturing Companies: Corporate Governance and Industry Expectations," Journal of the New Economic Association, New Economic Association, vol. 38(2), pages 76-103.
    11. Zhu, You & Zhou, Li & Xie, Chi & Wang, Gang-Jin & Nguyen, Truong V., 2019. "Forecasting SMEs' credit risk in supply chain finance with an enhanced hybrid ensemble machine learning approach," International Journal of Production Economics, Elsevier, vol. 211(C), pages 22-33.
    12. Antonio Fabio Forgione & Carlo Migliardo, 2019. "An empirical analysis of the impact of trade credit on bank debt restructuring," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 36(2), pages 415-438, July.
    13. Chikashi Tsuji, 2015. "How Did the Profitability of the Japanese Firms Change? Before, During, and After the Lehman Shock in the US," Business and Management Research, Business and Management Research, Sciedu Press, vol. 4(1), pages 74-82, March.
    14. Jayalakshmy Ramachandran & Nafis Alam & Chea Ei Goh, 2020. "A win-win situation for both managers and shareholders: A study of ASEAN corporate governance," Managerial Finance, Emerald Group Publishing, vol. 46(8), pages 977-1000, April.
    15. Francesco Ciampi & Valentina Cillo & Fabio Fiano, 2020. "Combining Kohonen maps and prior payment behavior for small enterprise default prediction," Small Business Economics, Springer, vol. 54(4), pages 1007-1039, April.
    16. Salim Lahmiri, 2016. "Features selection, data mining and finacial risk classification: a comparative study," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 23(4), pages 265-275, October.

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