SMEs probability of default: the case of the hospitality sector

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 econom...

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Bibliographic Details
Main Author: Luís Pacheco
Format: Article
Language:English
Published: University of the Algarve - ESGHT - CIEO 2015-01-01
Series:Tourism & Management Studies
Subjects:
sme
Online Access:https://tmstudies.net/index.php/ectms/article/view/770/1300