Using accounting‐based and loan‐related information to estimate the cure probability of a defaulted company





Faculty/Professorship: Controlling 
Author(s): Lohmann, Christian; Ohliger, Thorsten
Title of the Journal: European financial management : the journal of the European Financial
ISSN: 1354-7798
Publisher Information: Oxford : Wiley-Blackwell
Year of publication: 2020
Issue: Online First
Pages: 1-21
Language(s): English
Remark: 
Zweitveröffentlichung der Verlagsversion am 28.04.21
Licence: Creative Commons - CC BY - Attribution 4.0 International 
DOI: 10.1111/eufm.12279
URN: urn:nbn:de:bvb:473-irb-498220
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: 650 Management & public relations  
RVK Classification: QP 760   
Peer Reviewed: Ja
International Distribution: Ja
Open Access Journal: Ja
Type: Article
URI: https://fis.uni-bamberg.de/handle/uniba/49822
Release Date: 28. April 2021

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