The Journal of Banking & Finance is publishing an article titled “Forecasting distress in European SME portfolios” and based on  research from EIBURS research grant 2010-2013 on “Benchmarking European SMEs credit performance” (University of Luxembourg).

In this article, Sara Ferreira Filipe, Theoharry Grammatikos and Dimitra Michala, from University of Luxembourg look at distress predictors for SMEs in Europe over the period 2000–2009. They find that SMEs across European regions are vulnerable to common idiosyncratic factors but systematic factors vary.