Record Details

Small Medium Enterprises Insurance Credit Risk Management

Archives of Business Research

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Field Value
 
Title Small Medium Enterprises Insurance Credit Risk Management
 
Creator Kobjaiklang, Chulaporn N
Rojsurakitti, Terdsak
 
Description Thai SMEs have played a vital role in the Thailand economy. However, SME has structure of short term financial characteristics as they depend mostly on short term loan. Thus, we have to be aware of financial distress of SMEs. The study has examined empirical evidence from Thailand insurance industries to identify differences between financial profiles of financially distressed SMEs and non-financially distressed SMEs. We have developed and tested a multiple discriminant analysis model to distinguish between financially distressed SMEs and non-financially distressed SMEs using three categories of financial ratios: liquidity, leverage and profitability. The results show that distressed firms SMEs had lower liquidity, higher leverage and lower profitability ratios than non-financially distressed SMEs. Study tested the statistical significance of the differences between financially distressed SMEs and non-financially distressed SMEs. The financial ratios of distressed firms were taken into the analysis to develop the prediction model. Keywords: SMEs, financially distressed SMEs, non-financially distressed SMEs, liquidity, leverage, and profitability
 
Publisher Archives of Business Research
 
Contributor Rattana Bundit University
 
Date 2015-03-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.scholarpublishing.org/index.php/ABR/article/view/872
10.14738/abr.31.872
 
Source Archives of Business Research; Vol 3, No 1 (2015): Archives of Business Research
2054-7404
10.14738/abr.31.2015
 
Language eng
 
Relation http://www.scholarpublishing.org/index.php/ABR/article/view/872/489