Financial Distress Risk Levels of Listed Small and Medium Enterprises in the Philippines
Gensbergh G. Rago,
Sarah Fe Sharon L. Gabriel,
Jonas B. Abellar
Abstract:Small and Medium Enterprises (SME) play a significant role in the Philippine economy in terms of promoting entrepreneurship and technological innovation, encouraging local development and alleviate poverty levels. However, SMEs are more susceptible to financial constraints and difficulties attributable to limited access to capital and weak financial management practices, among others, which lead to financial distress and insolvency in the long run. Anchored on the Early Bankruptcy Theory, a company’s financial… Show more
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