diff --git a/CMakeLists.txt b/CMakeLists.txt
index 2657c087..d5df1afe 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -262,33 +262,37 @@ foreach(TARGET_NAME ${ACTIVE_TARGETS})
   endif()
 endforeach()
 
-add_executable(test src/test.c src/luv.c)
-if(WIN32 OR CYGWIN)
-  if (LUA)
-    target_link_libraries(test ${LIBUV_LIBRARIES} ${LUA_LIBRARIES})
-  else (LUA)
+if(LUAJIT_LIBRARIES OR LUA_LIBRARIES)
+  add_executable(test src/test.c src/luv.c)
+  if(WIN32 OR CYGWIN)
+    if (LUA)
+      target_link_libraries(test ${LIBUV_LIBRARIES} ${LUA_LIBRARIES})
+    else (LUA)
+      if (USE_LUAJIT)
+        target_link_libraries(test ${LIBUV_LIBRARIES} ${LUAJIT_LIBRARIES})
+      else (USE_LUAJIT)
+        if (LUA_BUILD_TYPE STREQUAL System)
+            target_link_libraries(test ${LIBUV_LIBRARIES} ${LUA_LIBRARIES})
+        else (LUA_BUILD_TYPE STREQUAL System)
+            target_link_libraries(test ${LIBUV_LIBRARIES} lualib)
+        endif (LUA_BUILD_TYPE STREQUAL System)
+      endif (USE_LUAJIT)
+    endif (LUA)
+  elseif("${CMAKE_SYSTEM_NAME}" MATCHES "Linux")
+    if (USE_LUAJIT)
+      target_link_libraries(test ${LIBUV_LIBRARIES} ${LUAJIT_LIBRARIES} rt)
+    else ()
+      target_link_libraries(test ${LIBUV_LIBRARIES} ${LUA_LIBRARIES} rt)
+    endif ()
+  else()
     if (USE_LUAJIT)
       target_link_libraries(test ${LIBUV_LIBRARIES} ${LUAJIT_LIBRARIES})
-    else (USE_LUAJIT)
-      if (LUA_BUILD_TYPE STREQUAL System)
-          target_link_libraries(test ${LIBUV_LIBRARIES} ${LUA_LIBRARIES})
-      else (LUA_BUILD_TYPE STREQUAL System)
-          target_link_libraries(test ${LIBUV_LIBRARIES} lualib)
-      endif (LUA_BUILD_TYPE STREQUAL System)
-    endif (USE_LUAJIT)
-  endif (LUA)
-elseif("${CMAKE_SYSTEM_NAME}" MATCHES "Linux")
-  if (USE_LUAJIT)
-    target_link_libraries(test ${LIBUV_LIBRARIES} ${LUAJIT_LIBRARIES} rt)
-  else ()
-    target_link_libraries(test ${LIBUV_LIBRARIES} ${LUA_LIBRARIES} rt)
-  endif ()
+    else ()
+      target_link_libraries(test ${LIBUV_LIBRARIES} ${LUA_LIBRARIES})
+    endif ()
+  endif()
 else()
-  if (USE_LUAJIT)
-    target_link_libraries(test ${LIBUV_LIBRARIES} ${LUAJIT_LIBRARIES})
-  else ()
-    target_link_libraries(test ${LIBUV_LIBRARIES} ${LUA_LIBRARIES})
-  endif ()
+  message(STATUS "Lua/LuaJIT libraries not found, test not built.")
 endif()
 
 if (NOT LUA)
diff --git a/Makefile b/Makefile
index 820f902d..ddd20c07 100644
--- a/Makefile
+++ b/Makefile
@@ -70,7 +70,10 @@ clean:
 
 test: luv
 	${LUABIN} tests/run.lua
-	build/test tests/manual-test-external-loop.lua
+	@if [ -f $(BUILD_DIR)/test ]; then \
+		echo "$(BUILD_DIR)/test exists."; \
+		$(BUILD_DIR)/test tests/manual-test-external-loop.lua; \
+	fi
 
 reset:
 	git submodule update --init --recursive && \