Löffler, Gunter; Maurer, Alina - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2009
A firm’s current leverage ratio is one of the core characteristics of credit quality used in statistical default … prediction models. Based on the capital structure literature, which shows that leverage is mean-reverting to a target leverage … characteristics
of credit quality used in statistical default prediction models. Based on the
capital structure literature, which …