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Using accounting‐based and loan‐related information to estimate the cure probability of a defaulted company
Lohmann, Christian; Ohliger, Thorsten (2020): Using accounting‐based and loan‐related information to estimate the cure probability of a defaulted company, in: European Financial Management, Oxford: Wiley-Blackwell, S. 620–640, doi: 10.1111/eufm.12279.
Faculty/Chair:
Author:
Title of the Journal:
European Financial Management
ISSN:
1468-036X
1354-7798
Publisher Information:
Year of publication:
2020
Pages:
Language:
English
DOI:
Abstract:
The cure of a defaulted company has important implications for the estimation of the loss given default. In this study, we estimate the probability of a defaulted company being cured using data on a large international sample of defaulted companies. More specifically, we examine whether historic accounting information on a defaulted company and loan‐related information are associated with that company's probability of being cured. The main finding of our analysis is that both accounting‐based and loan‐related independent variables increase the validity of cure prediction models.
GND Keywords:
Rechnungslegung ; Insolvenz ; Kreditfinanzierung ; Kreditsicherheit ; Unternehmenssanierung
Keywords:
accounting information ; company cure ; collateralization ; cure probability ; defaulted company ; Global Credit Data
DDC Classification:
RVK Classification:
Type:
Article
Activation date:
June 17, 2022
Versioning
Question on publication
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https://fis.uni-bamberg.de/handle/uniba/54233