محاولة بناء نموذج للتنبؤ بالتعثر المالي للمؤسسات الصغيرة والمتوسطة الجزائرية

Abstract

The ultimate objective of this study is to build a model able to predict the bankruptcy at the level of small and medium Algerian enterprises, attempting to link this deficiency to financial ratios, looking for how far they are able to distinguish the failed enterprises from the non-failed. To accomplish this, the Discriminant Analysis (DA) is used, It is applied on a sample of 13 small and medium Algerian enterprises, including five failed and the rest non-failed. The analysis yielded the following results: Working capital to total assets, Total debt to total assets and Short-term debt to total assets have the ability to distinguish .