Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 16 ISSUE 2
Written by Anatol RACUL, Dragoș CIMPOIEȘ, Alexandru GORGOS
This study tries to present a method for the estimation of the probability of default (PD) of Moldavian SMEs, which would be a parametric alternative to the expert-based models used nowadays. Discriminant analysis is the most widely used statistical based method for the estimation of PDs in the global financial industry and generally gives rather good estimations. Even with all the particularities of the Moldovan companies, the results obtained are promising and suggest that indeed, a statistical-based model would be very useful for Moldovan financial institutions.
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