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Keywords: Logit
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Journal Articles
Journal of Financial Management of Property and Construction (2023) 28 (3): 439–458.
Published: 19 June 2023
... are classified in default or compliant following an ex-ante criterion. Then, using the stepwise analysis, the most relevant variables are selected, which are later used in the logit model. To verify the robustness of the results, a sample of legally insolvent companies is added (mixed criterion...
