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Using accounting‐based and loan‐related information to estimate the cure probability of a defaulted company
Lohmann, Christian; Ohliger, Thorsten (2021): Using accounting‐based and loan‐related information to estimate the cure probability of a defaulted company, in: Bamberg: Otto-Friedrich-Universität, S. 620–640.
Faculty/Chair:
Author:
Publisher Information:
Year of publication:
2021
Pages:
Source/Other editions:
European financial management : the journal of the European Financial, 27 (2020), 4, S. 620-640 - ISSN: 1354-7798, 1468-036X
Year of first publication:
2020
Language:
English
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:
Peer Reviewed:
Yes:
International Distribution:
Yes:
Open Access Journal:
Yes:
Type:
Article
Activation date:
April 28, 2021
Permalink
https://fis.uni-bamberg.de/handle/uniba/49822