NEWS The prestigious Siemens Financial Services Thesis Scholarship in Finance is awarded this year to Tim Nilsson and Olle Olausson from the Umeå School of Business, Economics and Statistics (USBE). Their thesis, titled “Bankruptcy Prediction for Swedish SMEs: Assessing Altman’s Z''-score in the Wake of Covid-19”, earned them a prize of SEK 20,000 and a diploma. The award was presented during USBE’s graduation ceremony in Aula Nordica by USBE Dean and Isac Hellsten from Siemens Financial Services.
Tim Nilsson and Olle Olausson.
ImageMattias PetterssonTim Nilsson:
“I would like to extend a heartfelt thank you to Umeå University and Siemens Financial Services for this wonderful recognition. We are proud and grateful to have been awarded this year’s thesis scholarship in finance. I’m especially happy to share this award with my dear friend and thesis partner Olle, to whom I owe a special thanks for his invaluable dedication and outstanding contribution throughout the process. Finally – thank you to Umeå University and everyone I’ve had the pleasure of getting to know during these four fantastic years.”
Olle Olausson:
“A big thank you to both Umeå University and Siemens Financial Services for honoring us with this award. It feels great to receive further recognition for the time we invested in this thesis last year, and even more rewarding to share it with Tim, who has been by my side since day one at university.”
“For a well-written and well-executed study on bankruptcy prediction methodology. The study, conducted using appropriate methods, is timely and well-justified from both an academic and practical perspective.”
Supervisor: Lars Lindbergh