• Business, Economics
  • Published 2015

SMEs probability of default: the case of the hospitality sector Probabilidade de falência das PME: o caso do sector hoteleiro

@inproceedings{Pacheco2015SMEsPO,
  title={SMEs probability of default: the case of the hospitality sector Probabilidade de fal{\^e}ncia das PME: o caso do sector hoteleiro},
  author={Lu{\'i}s Miguel Pacheco},
  year={2015}
}
In this paper we analyze a set of financial ratios from hospitality sector SMEs in order to ascertain which factors determine a greater probability of default. We choose the hospitality sector due to its importance in the Portuguese economy and has been particularly affected by the recent economic downturn and austerity measures and because, to the best of our knowledge, this sector has never been the object of such a study. Usually the literature seeks to find a set of variables which are… CONTINUE READING

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