Predicting Financial Distress in a Portuguese Tourism Business Group

摘要: The omission of financial information by the management and global crisis, reinforced interest in corporate bankruptcy prediction models. Several authors suggested multiple Despite this specific area, there is no accordance regarding effectiveness models different activities periods. In Portugal more relevant tourism sector since one sectors with greater weight on public revenue a high rate economic growth. This motivation for paper. aim study to analyse distress companies from Portuguese business group Mystic Invest, period between 2013 2017. contribution paper most works prediction. Applying generalized linear model Logit ratios proposed Altman Ohlson, empirical results show medium sample that includes all group, as well just companies, tends decrease moment moves away, reduced type I errors.