Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/233741 
Year of Publication: 
2021
Citation: 
[Journal:] European Financial Management [ISSN:] 1468-036X [Volume:] 27 [Issue:] 4 [Publisher:] Wiley [Place:] Hoboken, NJ [Year:] 2021 [Pages:] 620-640
Publisher: 
Wiley, Hoboken, NJ
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.
Subjects: 
accounting information
company cure
collateralization
cure probability
defaulted company
Global Credit Data
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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