Li, Feng; He, Zhuojing - In: Cogent economics & finance 7 (2019) 1, pp. 1-23
clustering". We also study the driving forces of the credit risk clustering in CEC business group in China. Our empirical … analysis shows that the credit risk clustering varies over time and exhibits different patterns across firm pairs in a business … possible approach to model and predict the extreme co-movement of credit risk in business groups with financial indicators. …